HOUSTON—Downton class-A space continues to be in demand. Case in point is the recent lease by TransCanada Corporation, which expands its office space by approximately 82,916 square feet on three floors at Bank of America Center. The 56-story 1.2 million-square-foot class-A office tower is located at 700 Louisiana St. in downtown.

Now occupying nearly 260,000 square feet, the additional space will accommodate TransCanada's expanding employee base in the Houston market. In 2016, TransCanada acquired Columbia Pipeline Group, also located in Houston.

“After careful evaluation of alternatives, consolidating personnel into the most iconic building in downtown Houston as soon as possible made sense for a number of reasons,” said JLL's Louis Rosenthal, broker for TransCanada. “In fact, when TransCanada initially looked at the market back in 2012, two of their primary objectives were to find a building that could accommodate future growth and enhance employee productivity. Bank of America Center meets their needs on both fronts and ownership's commitment to invest in the building's common areas and infrastructure will serve all of the tenants well for the next decade and beyond.”