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Williams Tower Lead Renews, Cuts 600,000 SF

HOUSTON-Williams Cos. downsizes to 217,595 sf with a renewal of class A office space in the Galleria submarket. The pact goes into effect in April. The Hines team already is talking with backfill prospects, including another Williams group.

By Jennifer Brenner Andrade | Updated on December 03, 2003

HOUSTON-Williams Cos., headquartered in Tulsa, OK, has slashed 600,000 sf from its class A office space in a Galleria office tower, renewing 217,595 sf for the long term.

The 20-year lead tenant uses the office space for Transcontinental Gas Pipeline Corp., which will now fill about 15% of Williams Tower, formerly Transco Tower. The new lease begins April 1.

A spokeswoman for building overseer, Hines Interests, says talks are underway with prospects, including another Williams subsidiary, to backfill the space. At 909-ft high, the 64-story building is touted as the tallest structure in the world outside a central business district. The 1.5-million-sf building, now 91% occupied, is owned by Transco Tower Ltd., which was represented by the Hines team of Ronnie Martin and Michael Anderson in the negotiations.

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