(HOUSTON) – Hines, the international real estate firm, announced today that BakerHostetler has signed a 75,737-square-foot lease at BG Group Place.
Their new space on floors 11 through 13 includes a unique 10,000-square-foot, green rooftop deck for client events and firm functions. The law firm will relocate from another downtown building when the lease commences in the third quarter of this year.
With the signing of this lease, BG Group Place is 92 percent committed.
BakerHostetler was represented in lease negotiations by Mark O’Donnell, Derrell Curry and David Endelman of Studley.
Chrissy Wilson, Allison Knight and Tyler Garrett represented Hines, the building developer, owner and manager.
BG Group Place is downtown Houston’s newest office tower.
Completed in 2011, the iconic, one million-square-foot, 46-story building is certified LEED Platinum.
Hines Senior Managing Director John Mooz said, “We could not be more pleased with BakerHostetler choosing BG Group Place for their new home.
They are an outstanding addition to an already world-class tenant roster.”
“Favorable market conditions, coupled with the planned implementation of modern office standards, allowed the firm to achieve substantial savings in occupancy costs,” said O’Donnell, a member of Studley’s Law Firm Practice Group.
BakerHostetler is among the nation's 100 largest law firms with more than 800 attorneys coast to coast, delivering the highest quality legal counsel on the most complex and critical issues facing clients today. The firm has offices in Chicago, Cincinnati, Cleveland, Columbus, Costa Mesa, Denver, Houston, Los Angeles, New York, Orlando and Washington, D.C. Its five primary practice groups are Business, Employment, Intellectual Property, Litigation and Tax. For more information, visit www.bakerlaw.com.
Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 24 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,208 properties representing more than 488 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.
With offices in 104 cities in 18 countries, and controlled assets valued at approximately $23.8 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.
Visit www.hines.com for more information.