Dan F. Boyles Jr. of the Houston office of NAI Partners Commercial represented Keais, which services the legal and insurance industries. The building owner, Koll Bren Schrieber Realty Advisors, was represented by John Spafford and Doug Little, both of Houston's PM Realty Group. The building currently is 88% occupied. Its quoted rent is $18 per sf.
The Houston CBD inventory consists of 83 office buildings, totaling more than 40 million sf. According to second-quarter statistics by Houston-based Trione & Gordon ONCOR International, the current downtown vacancy rate is 12.76%, with 5.2 million sf of direct space and 964,781 sf of sublease space available.
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