GlobeSt.com

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According to Ronnie Martin, senior director of leasing withHines Interests, Winstead signed a 10-year lease in the1.98-million-sf high rise at 600 Travis St., which will commenceNov. 1, 2007. "Construction on the space will start Feb. 1, andthey'll move in the following November," Martin adds. Winstead'scurrent office is at 919 Milam St.

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While Martin couldn't release specific details of the Winsteaddeal, he tells GlobeSt.com Hines is quoting net rental rates ofbetween $15 and $17 per sf, plus operating expenses. Build-outcosts for the Winstead deal were not available.

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In addition to the 100,000 sf accounted for by Winstead, theremaining 200,000 sf is still on the block. But Martin isn'tworried about filling the remaining space, pointing to a strongowner's market which has created strong interest in the class Atower.

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"We have a couple of things in the works, but can't make anyannouncements about it right now," he says. "Within the next 60days, though, we should have some more deals signed."

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According to a previously released statement, Hines beganopening discussions with existing and prospective tenants whenJPMorgan Chase disclosed in 2005 that its Bank One acquisitionwould mean space consolidation in the Houston area. Effective Jan.1, 2007, Chase will reduce its position in the JPMorgan Chase Towerto its already existing 5,000-sf banking lobby.

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