LBJ Holding Co. Secures 23,118-SF Law Department Lease

The Law Department lease calls for 23,118 sf at Norwood Tower, situated at 114 W. Seventh St. The deal includes two one-year extension options and set a rental payment cap of slightly more than $2.7 million for the length of the contract. The current budget allocates $138,825.50 toward rent, with the remaining 34 months of the contract hinging on funding availability, according to city records. The 118,000-sf tower lists Norwood Tower LP as the official property owner.