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HOUSTON-Houston-based law firm Adams & Coffey is staying on Lamar Street in Houston’s CBD, but it has left its old office at 1331 Lamar St. to take up 7,986 sf in 1010 Lamar St.

The 19-story, 264,885-sf office tower is part of the 5.2-million-sf Koll Bren Schreiber Realty Advisors Houston Portfolio. The 21-year-old building is located between Main and Fannin downtown. The 1010 Lamar currently is 84.5% occupied with a quoted lease rate of $17.50 per sf.

John Spafford of Houston’s PM Realty Group represented the building owner in the lease negotiations. The law firm used in-house representation for its side of the talks.

According to research published by Houston’s O’Connor & Associates, the CBD has posted a loss of 878,955 sf of negative absorption so far in the second quarter. Nearly half or 429,502 sf of negative absorption was in class A space. Class B space was back 323,742 sf so far this quarter while class C space is looking like the winner with a positive showing of 143,566 sf to date. The CBD has the highest negative absorption rate of any submarket in the city followed by the Galleria, which recorded a 758,072 sf of negative absorption for the quarter.

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