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Texas  + Retail  | 
Houston office

Brookfield Finalizes $875M Houston Center Deal

Houston Center, a 4.2-million-square-foot, urban office and retail complex in downtown Houston, TX has traded hands for $875 million. Brookfield Property Partners acquired the three-tower and 16-story above nearly 200,000 square feet of retail from institutional investors advised by J.P. Morgan Asset Management.

Currently 71.6% leased, the property’s largest tenants include LyondellBasell Chemical Company, Norton Rose Fulbright and Haynes and Boone. As the largest property in Houston’s CBD, the USGB LEED Gold certified asset occupies a 9.2-acre, 6.5-block, fully-amenitized site that offers fine dining and casual restaurants.                          

HFF’ investment advisory team representing the seller included Jeff Hollinden, Scott Galloway, Mark Gibson and Trent Agnew. Houston-based Transwestern is handling the leasing assignment for assets expected to undergo significant renovations.

Properties include

– LyondellBasell Tower, 46 stories, 1.1M SF at 1221 McKinney St.

– 2 Houston Center, 40 stories, 1M SF at 909 Fannin

– Fulbright Tower, 51 stories, 1.2M SF at 1301 McKinney

– 4 Houston Center, 16 stories, 674,000 SF on Lamar Street

– The Shops at Houston Center, three stories, 196,000 SF on McKinney Street

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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