X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-The law firm of Powers & Frost LLP has renewed and expanded a lease for 1 Houston Center, a 46-story office building along McKinney Street in the CBD. The firm will backfill part of the 139,000 sf of office space emptied by Ernst & Young in its move to 5 Houston Center.

Powers & Frost added 16,138 sf to its 30,902-sf lease in the 1.1-million-sf building. The firm had been a tenant for seven years, a Crescent Real Estate Equities spokeswoman tells GlobeSt.com. The civil litigation firm specializes in toxic torts, first party insurance fraud, asbestos personal injury, sexual harassment and discrimination and medical malpractice.

Debbie Wilson, vice president of leasing at Houston Center, represented the building owner, Crescent Real Estate Equities LP. The tenant cut the deal without a broker.

Other industries are struggling right now, but law firms are rapidly expanding and buffering CBD markets in Houston as well as New York City and Dallas, according to a third-quarter analysis by Sanford Criner, principal at Houston’s Trione & Gordon. Similar moves have been made by Jones Day’s Houston office, which has taken 53,000 sf in the under-construction Calpine Tower and 80,000 sf in recent leases to law firms for the Bank of America Tower.

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?

Dig Deeper

GlobeSt

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.