
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 space throughout the CBD, including weighing plans to stay put in Bank of America Plaza at 700 Louisiana St.
"This lease validates the market demand for new construction in Downtown Houston. We are very pleased and excited about Hines' role in the next generation of sustainable-designed buildings here in Houston's CBD," Mark Cover, executive vice president of Hines, says in a press release. The CBD's vacancy stands at slightly more than 10% in the 35-million-sf inventory. Space in class A office buildings is quoted at $37 per sf to $39 per sf plus electric.
Houston-based Hines' executives were unavailable to comment before deadline. The 46-story building is developed by the Hines CalPERS Green Development Fund, which is focused on building sustainable office buildings throughout the US. MainPlace recently attained LEED Silver pre-certification although Hines expects it to qualify for a "Gold" ranking.
Staubach president Dan Bellow and executive vice president Ronnie Deyo teamed with Burke to represent KPMG. Stewart Robinson and Chrissy Wilson were Hines' in-house brokers.
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