MainPlace, rising at 811 Main St., will be completed in 2011.John Burke, vice president with Staubach Co.'s Houston office,tells GlobeSt.com that KPMG searched for new office spacethroughout the CBD, including weighing plans to stay put in Bank ofAmerica Plaza at 700 Louisiana St.
"This lease validates the market demand for new construction inDowntown Houston. We are very pleased and excited about Hines' rolein the next generation of sustainable-designed buildings here inHouston's CBD," Mark Cover, executive vice president of Hines, saysin a press release. The CBD's vacancy stands at slightly more than10% in the 35-million-sf inventory. Space in class A officebuildings is quoted at $37 per sf to $39 per sf plus electric.
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