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Financial Services Tenant Takes Down 250K SF at Hines Tower
Hines and an affiliate of Cerberus Capital Management have finalized a new 250,000-square-foot lease with an undisclosed global financial services firm at 600 Travis St. in downtown Houston. The 75-story tower, which Hines and Cerberus acquired along with 601 Travis St. last year for $627 million, will undergo major improvements.
“The planned changes to the building’s ground-floor plane will be some of the most transformative in our firm’s history,” said senior managing director John Mooz of Hines, whose firm developed and manages 600 Travis. “For several years, our team has contemplated the unique untapped potential of the building’s large plaza area. The renovation takes strong advantage of that opportunity and that vision resonated with our new tenant.”
Michael Anderson, Diana Bridger, and Margaret Elkins of Cushman & Wakefield as well as Chanse McLeod with Hunton Andrews Kurth represented the landlord in leasing negotiations.
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- ◦Lease
