|
6/24/19
|
Cerberus Capital and Hines have teamed up to purchase JPMorgan Chase Tower, a 75-story, 1.6 msf skyscraper in Houston and the tallest building in Texas, in a deal said to be worth over $625 mil. The acquisition includes Chase Center, an adjacent, 407k sf property.
Built in 1981, the Class A tower is located at 600 Travis St, in Houston’s downtown. It was sold by Hairri Interests, who bought the asset in 1985 in a partnership with Hines and later acquired full ownership.
The LEED Gold high-rise was previously known as Texas Commerce Center. The five-sided office tower is clad in pale gray polished granite. Current tenants include Merrill Lynch, KeyBank, Buzbee Law and Willkie Farr & Gallagher, KeyBank and the Buzbee Law Firm.
The development includes a 15k sf granite-paved pedestrian plaza at the entrance, a private sky lobby on the 60th floor, 22.2k sf of retail space, a fitness center and 1,657 parking spaces. The focal point of the plaza is a monumental sculpture by Joan Miró entitled "Personage and Birds." The sculpture is the largest Miró sculpture ever commissioned.
|
|
Return to the Archive page
|
|
|
|
|