Hines Announces Leasing Activity at JPMorgan Chase Tower
(HOUSTON) – The Houston office of Hines, the property manager of the 1.7 million-square-foot JPMorgan Chase Tower located at 600 Travis in downtown Houston, today announced that it has recently signed 149,494 square feet of new and renewal office leases on behalf of the owner, Texas Tower Limited. The 75-story tower, Houston’s tallest office building, is now more than 96 percent leased. The increase in occupancy is in large part due to the tower’s most rapidly growing tenant, Linn Energy, which recently signed a lease expansion for 58,944 square feet, bringing their total leased space in the tower to approximately 175,000 square feet. Their initial lease seven years ago was for 3,044 square feet. Trey Strake and Chris Oliver with Cushman & Wakefield represented Linn in lease negotiations.
Other notable lease transactions include:
Breitburn Energy Partners expanded its lease by 22,561 square feet and renewed 4,305 square feet, bringing its total square footage in the building to 66,045. Harry Holmes with Avison Young represented the firm.
Indigo Minerals and M2 Midstream renewed their lease for 21,900 square feet. Mark Russell with Studley represented the firms.
Denham Capital Management renewed its lease for 13,191 square feet. Kevin Gardner with Cresa Partners represented the firm in lease negotiations.
Crest Investment Company renewed its lease for 11,493 square feet. Pamela Powers represented her firm in lease negotiations.
KKR, a global investment firm, expanded its lease by 9,286 square feet bringing their total leased space to 23,291. Jon Lee with CBRE represented the firm.
McMurrey Investment Advisors signed a lease for 5,281 square feet. Rich Pancioli with CBRE represented the firm.
Keybank National Association signed a lease for 2,533 square feet. Cliff West with JLL represented the firm in negotiations.
Russell Hodges, Director of Leasing for Hines, represented the building owner in all of the negotiations.