(HOUSTON) – Hines, the international real estate firm, announced today Russell Reynolds Associates, a leading global search and leadership advisory firm, has signed a 10-year lease for 15,000 square feet on the 35th floor of 609 Main at Texas, the new downtown office tower developed by Hines.
Russell Reynolds Associates was represented in lease negotiations by John Burke with Jones Lang LaSalle. Michael Anderson and Damon Thames with Colvill represented Hines, the building developer, owner and manager.
Located at the corner of Main and Texas streets in downtown Houston, the 48-story, 1,050,000-square-foot office tower will be complete in January 2017. Designed by the internationally recognized architectural firm Pickard Chilton, the project's north and south façade will extend skyward, culminating in a dramatic diagonal crown, creating a new, highly visible downtown landmark. The property is pre-registered LEED®, and is expected to attain Platinum certification upon completion.
Hines’ Senior Managing Director John Mooz said, “Russell Reynolds is a best-in-class firm and we are excited to continue our long-term relationship with them in the most amenity-rich, technologically advanced building in Texas.”
“After 40 years of sustained growth in Houston, we are excited to be expanding into our new offices at 609 Main. This move positions us very well to continue to provide leadership expertise and advice to our clients across the region,” said Russell Reynolds Associates Managing Director Stephen Newton.
With this lease, 609 Main at Texas stands at over 50 percent leased. Other notable tenants include Kirkland & Ellis LLP, Orrick, Hogan Lovells and United Airlines in addition to several transactions in progress.
About Russell Reynolds Associates
Russell Reynolds Associates is a global leader in assessment, recruitment and succession planning for boards of directors, chief executive officers and key roles within the C-suite. With more than 370 consultants in 47 offices around the world, we work closely with public, private and nonprofit organizations across all industries and regions. We help our clients build teams of transformational leaders who can meet today’s challenges and anticipate the digital, economic, environmental and political trends that are reshaping the global business environment.
Hines is a privately owned global real estate investment firm founded in 1957 with locations in 192 cities in 20 countries. Hines has $93.2 billion of assets under management, including $47.9 billion for which Hines provides fiduciary investment management services, and $45.3 billion for which Hines provides third-party property-level services. Hines has 105 developments currently underway around the world, and historically, has developed, redeveloped or acquired 1,180 properties, totaling over 379 million square feet. The firm’s current property and asset management portfolio includes 483 properties, representing over 199 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most respected real estate organizations in the world. Visit hines.com for more information.