HOUSTON, April 8, 2019 – The Houston office of Madison Marquette today announced it has negotiated 95,883 of lease transactions at Bank of America Center, located at 700 Louisiana in downtown Houston. Madison Marquette’s John Spafford and Madeline Gregory represented the landlord, Houston-based M-M Properties, in the following transactions completed in the fourth quarter of 2018:
- Kilpatrick Townsend & Stockton LLP, an international law firm, signed a new lease for 17,519 square feet. CBRE’s Doug Elliott and Ron McWherter represented Kilpatrick Townsend & Stockton LLP.
- Weil, Gotshal & Manges LLP, an international law firm, renewed its lease for 21,375 square feet. JLL’s John Burke represented Weil, Gotshal & Manges LLP.
- Schiffer Hicks & Johnson PLLC, a Houston-based litigation firm, renewed its 6,248-square-foot lease and expanded into an additional 4,627 square feet of space. CBRE’s Jon Lee represented Schiffer Hicks & Johnson PLLC.
- Carlson Capital, LP, an asset management firm, renewed its lease for 8,774 square feet. Cushman & Wakefield’s Angus Hughes represented Carlson Capital, LP.
- BMO Capital Markets Corp, a North American financial services provider, renewed its 30,275-square-foot lease and expanded into an additional 7,065 square feet of space. JLL’s David Bale and Eugene Terry represented BMO Capital Markets Corp.
“This landmark building continues to maintain its presence as a top tier option for office space in downtown Houston, and the prestigious tenant base of energy infrastructure, global law firms, private equity firms and financial services groups recognize the value of this distinguished address,” said Spafford, Executive Vice President and Director of Leasing for Madison Marquette.
“When opening our Houston office in late 2017 we conducted an extensive evaluation of office space alternatives in Downtown Houston, we felt that Bank of America Center was the best fit for our company and our clients,” says Dan Shank, partner with Kilpatrick Townsend & Stockton’s Houston office. “The building is clearly one of the most prestigious and distinctive office locations in the city, and we look forward to our association with the property.”
Recognized by Business Insider as the state’s most beautiful building, the 56-story Class A trophy office tower encompasses 1.25 million square feet of office and retail space, and is linked to the extensive Downtown Houston tunnel system. Phase I of a $20 million renovation is currently underway that will add an 8,000-square-foot white-tablecloth dining establishment on the Northwest corner of the lobby, and 10,000 square feet of creative office space featuring views onto Jones Plaza. Phase II of the project will include a new tenant lounge and conference center, a lobby coffee bar and new mezzanine level collaborative workspaces under the dramatic cathedral ceilings.
“The recent activity with the new, renewing and expanding tenant base reinforces the elevated status of the property among the downtown submarket, and the renovations and improvements currently underway will enhance our ability to serve businesses wanting a premier office location in the amenity-rich Theatre District area in Downtown Houston,” says Ken Moczulski, CEO of M-M Properties.
About M-M Properties
M-M Properties is a privately held real estate investment firm that seeks to provide exceptional risk-adjusted returns to its investors through superior execution of carefully developed strategies. Its senior management team has worked together for tenures ranging from 7 to 17 years through several firms. Leadership has deep experience throughout real estate market cycles and multiple project phases including acquisition, disposition, recapitalization, development, investment and property management across a broad range of property types and within all major U.S. markets. The company or its principals have engaged in real estate investment activities on behalf of investors, partners or for its own account across a portfolio of assets that has included over 29 million square feet of office projects and almost 17,000 multifamily units with a cumulative transaction volume of approximately $8.5 billion. For additional information, visit: www.mmprop.com.
About Madison Marquette
Madison Marquette is a leading private real estate investment manager, developer, operator and service provider headquartered in Washington, D.C. Founded in 1992, the company’s reputation is built on the successful development, repositioning and redevelopment of landmark mixed-use assets in major and emerging high-growth markets throughout the United States. Madison Marquette partners with global, institutional and private investors to achieve industry-leading investment performance across asset classes — including mixed-use, retail, office, medical, industrial, senior living and multifamily. As a full-service real estate provider, the company delivers integrated leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. Madison Marquette has over 600 professionals providing nationwide service from 13 regional markets and is a member of the Capital Guidance group of companies. For additional information about Madison Marquette, visit www.madisonmarquette.com.