BREAKING NEWS

East River Adding Art to the Mix

Major Warehouse Lease Signed

Unilev Taps Stream Realty

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

Offices For Energy Transition

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Porter Hedges Law Firm Elects to Stay in Downtown Houston

by Realty News ReportAugust 22, 2017
Share0
The Porter Hedges law firm renewed its lease in downtown Houston.

HOUSTON – Porter Hedges LLP, a Houston-based law firm, has renewed its 105,000-SF lease in the 1000 Main building in downtown Houston.

CBRE’s Charles Gordon, Brandon Clarke, Paul Penland and Ryan Roth represented Porter Hedges in lease negotiations with the landlord, 1000 Main LLC, which was represented by Wade Bowlin with PM Realty Group.

“It was imperative for us to create a solution that would help Porter Hedges continue its reputation as one of Houston’s leading law firms,” Gordon said.  “After a thorough evaluation of their needs and how they could continue to best serve their clients, they determined that staying downtown would suit them best and from there, our team worked with the landlord to structure a lease that met the interests of all parties involved.”

1000 Main is an 837,161-SF, Class A office tower located in the heart of Houston’s Central Business District. Other notable tenants in the building include Shell, Sanchez Energy, UBS, and NRG Energy.

Downtown Houston has seen rising vacancies as energy companies have reduced the size of their offices and put excess office space on the sublease market. The availability rate for Class A downtown space in the second quarter was 20.2 percent, CBRE reported.

The 1000 Main tower, formerly known as Reliant Energy Plaza, was developed by Richard Everett of Century Development. The 36-story building, completed in 2003, was designed by Gensler.

In 2015, Hamburg, Germany-based Union Investment bought the 1000 Main building for approximately $440 million or about $525 per square foot.

Aug. 22, 2017 Realty News Report Copyright 2017
Share0
previous post
Lincoln Property/H.I.G. Group Buys 2 Million SF Greenspoint Place Complex
next post
Major Lease at One Shell Plaza Opens the Door for Upgrade at GreenStreet

Related posts

East River Adding Art to the Mix

Realty News ReportMarch 23, 2023

Major Warehouse Lease Signed

Realty News ReportMarch 22, 2023

Unilev Taps Stream Realty

Realty News ReportMarch 21, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact