The straight-up renewal comes one year after the bank added another 20,000 sf to its bottom line in the 567,000-sf high-rise, Bob Boykin, regional vice president of leasing and marketing for Fort Worth-based Crescent Real Estate Equities Co., tells GlobeSt.com. The class A office space is on the market for $21 per sf.

Anthony Fritsche in the Houston office for Dallas-based Trammell Crow Co. says the team spent at least a year surveying the market, focusing on the CBD and Galleria. He, Brandi McDonald and David Anderson, both with TCC, steered the site search. According to McDonald, the decision to stay was built on the bank's prominent sign, flexibility to expand and downsize, customer base and the economics of the package put on the table.

Boykin represented the building owner, Crescent Five Post Oak Park LP, a joint venture between Crescent and GE Pension Fund. Crescent owns a 30% stake in the 85%-leased building. Boykin says talks are underway with other prospects that would lift occupancy to 90%.