San Antonio-based USAA Real Estate Co. picked the Houston office of Insignia/ESG Inc. to handle the 370,000-sf 1001 McKinney in the CBD while Houston-based Redstone Cos. hired PM Realty Group to take over a three-building, 305,000-sf portfolio.
Cushman & Wakefield of Texas Inc.'s Houston office previously held the contract for the 22-story 1001 McKinney. Cushman & Wakefield did not respond to telephone calls by press time for comment. Insignia was one of three brokerage houses on the short list for the assignment.
The class B 1001 McKinney, built in 1947, underwent a major overhaul in 1999. Current occupancy stands at 76%. Insignia's Derek Beck and Greg Shaw are assigned to the property.
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