Under the lease terms, the bank will have a 3,949-sfground-floor presence and 12,398 sf of office space for its energygroup on the 16th floor. In-house broker Debbie Wilson representedthe building owner, Crescent 5 Houston Center LP, an entity of Ft.Worth-based Crescent Real Estate Equities Co. Dena Wren with CBRichard Ellis handled talks for the tenant.

Construction began in November 2000 on the multi-tenant officebuilding and is scheduled for completion in late 2002. 5 HoustonCenter is the latest addition to Crescent's 3.7 million-sf HoustonCenter office complex in the CBD. Nine floors are left to becompleted as Crescent edges closer to an early 2002 topping out.The building's pouring has reached the 18th floor while crews arebusy with architectural detailing on the lower floors. The officecomplex is close to Enron Field and home to Park Shops, FourSeasons Hotel, Four Seasons Apartments, Houston Center Club.

Bank of Texas, based in Tulsa, OK, has seven branches in Houstonand 14 in Dallas-Ft. Worth. A subsidiary of BOK Financial Corp.,its assets exceed $2 billion.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.