HOUSTON-KPMG LLP is the first tenant to take space in the one-million-sf MainPlace. The audit and tax advisory firm will take down the top four floors, totaling 108,904 sf, of the under-construction office building in the CBD.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.