Bill Gump, Austin leasing manager in Houston for Fort Worth-based Crescent Real Estate Equities Co., represented the building owner, PT BK One Tower LP. Kathy Carr of Austin-based Commercial Texas negotiated for Energy Worx. Details about the transaction and move-in were not available by publication time.
Bank One Tower, a 21-story, 389,503-sf building at 221 W. Sixth St., is 95.7% leased. Built in 1974, it was renovated in 1995.
The CBD's overall vacancy rate was 21.2% at the end of the 2002 fourth quarter, according to Colliers International's market survey. For class A properties, the vacancy rate was 23.1%. The class A rent averaged $24.44 per sf.
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