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Law Firm Exits CBD for Greenway Plaza

HOUSTON-Coats, Rose, Yale, Ryman & Lee signs a 10-year lease for 52,553 sf at Three Greenway Plaza. A law firm partner says the economics and minimal TI requirements seal the decision to move from 1001 Fannin St. The relocation takes place in early April.

By Jennifer Brenner Andrade | Updated on February 12, 2004

HOUSTON-Local law firm, Coats, Rose, Yale, Ryman & Lee, has signed a 10-year lease with renewal options for 52,553 sf at Three Greenway Plaza in the Greenway Plaza submarket just southwest of downtown.

In early April, about 50 attorneys and their staff will relocate from 1001 Fannin St. in the downtown. Rick Rose, a law firm partner, tells GlobeSt.com that the lease was nearing its expiration so they began scouring the market for the best deal. He says the decision to move ultimately boiled down to the economics.

Rose says the firm needed expansion space. The Greenway Plaza suite had the right layout for a law firm and required minimal TIs to customize the office space to its needs. Besides, he says, parking is considerably cheaper in Greenway Plaza versus the CBD.

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