(HOUSTON) – Hines, the international real estate firm, announced today that it has been retained by Silverpeak Real Estate Partners and Cameron Management as property manager for 1001 McKinney, a 23-story building located on the corner of McKinney and Main in the heart of downtown Houston.
Hines Director of Property Management Rob Bridges said, “1001 McKinney has been a strong performer for decades and we are extremely pleased that Silverpeak Real Estate Partners and Cameron Management see the value in our comprehensive property management services. Many owners think we only manage our own buildings, but half of our global portfolio is managed for third parties.”
“Our property management team will be hyper focused on repositioning this asset and creating significant value for ownership,” added Hines Senior Managing Director Charles Elder.
The 375,440-square-foot office building has achieved Gold certification under the U.S. Green Building Council’s LEED® for Existing Buildings (EB) Rating System and is listed on the National Register of Historic Places. Formerly known as the City National Bank Building, the landmark Art Deco building was constructed in 1947 and was designed by Alfred C. Finn.
1001 McKinney is 79 percent leased to a prestigious tenant roster including:
Conley Rose, P.C.; Kelley, Kronenberg, Gilmartin, Fichtel, Wander, Bamdas, Eskalyo & Dunbrack, P.A.; McGlinchey Stafford PLLC; Shannon, Martin, Finkelstein & Alvarado, P.C.; and Thorpe Petroleum Corporation.
Hines’ Nicole Boudreau will serve as the on-site property manager.
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 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.
Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties.
In Houston, Hines manages 28 properties totaling 11.4 million square feet, which includes 8.6 million square feet for third parties.
With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 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.