The tenant's broker, Tommy Wilson, first vice president with CBRE/Trione & Gordon in Houston, tells GlobeSt.com that the partners wanted a change and decided today's leasing market offered the best opportunity for a relocation. He says Marshall & McCracken signed a five-year lease for Post Oak Three at 1990 Post Oak Blvd. The views from the top floor of the class A, 24-story, 1.3-million-sf building helped seal the deal, he says. The firm, an insurance litigation specialty practice, relocated from 3040 Post Oak Blvd.
The Fort Worth-based Crescent Real Estate Equities Co. leads the partnership that owns the building. Crescent's in-house broker Bill Schneidau handled its negotiations for a building with a quoted rent hovering $20 per sf.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
