HOUSTON-AmREIT Realty Investment Corp. has doubled the size of the 18-year headquarters address at 8 Greenway Plaza, moving into 11,063 sf with a five-year lease for the 10th floor.

Trey Halberdier with the Houston office of Cresa Partners tells GlobeSt.com that talks produced a below-market deal with a large allowance for tenant improvements to the class A space. He and Kevin Hodges, also with Cresa, represented AmREIT, which was in the market several months reviewing options in the Greenway Plaza submarket.

AmREIT last week moved from the eighth floor of the 15-story, 255,305-sf building, owned by Crescent Real Estate Equities Ltd. of Fort Worth. The 4.3-million-sf Greenway Plaza is 86% leased, with the quoted rent standing at $19 per sf. Warren Savery was Crescent’s in-house representative for the talks.

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?


NOT FOR REPRINT

© 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.

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 © 2024 ALM Global, LLC. All Rights Reserved.