HOUSTON-The Dallas-based Behringer Harvard Fund has tapped Trammell Crow Co.’s Houston office to lease and manage the 506,470-sf Travis Tower. The new team replaces Navisys Group, the in-house property overseer for the Houston-based joint venture partner that sold the CBD holding.

The Dallas-based private REIT bought Travis Tower at 1301 Travis St., about 30 days ago from AEW McCord LP, a joint venture of an affiliate of Boston-based AEW and McCord Development Inc. of Houston, for about $24.9 million. Navisys Group, the third-party management arm of McCord Development Inc., had the leasing and management assignment for the class A, 21-story tower. Joe McCluan, the lead person on the assignment, was not available for comment.

“The assignment was not hotly contested–it was more behind the scenes,” says Dave Hanusa, a TCC vice president in Houston who will direct Travis Tower’s leasing. Debbie Fujimoto will lead the property management.

Hanusa tells GlobeSt.com that “there were a few” companies after the assignment including Navisys. “We had an inside track because we helped Behringer Harvard with the due diligence,” he says. Plus, TCC handles leasing and management of the REIT’s other Houston asset, Enclave on the Lake in the Energy Corridor. Behringer Harvard did not return telephone calls prior to publication time.

Built in 1954, Travis Tower is 86% leased, with CenterPoint Energy as the lead tenant. It is located between Travis and Main Streets on light rail line and has an attached 10-story parking garage.

Hanusa tells GlobeSt.com that he and his team hope to hit 100% occupancy in the next 18 months. Rental rates will range from $17 per sf to $18 per sf for five- to seven-year lease terms. Currently, the largest block of open space is 30,358 sf–the entire fourth floor. “We’re very exited to have the opportunity to lease this building,” Hanusa says.

According to Fujimoto, parts of Travis Tower need to be updated to be compliant with federal and city codes. For example, the vacant fourth floor needs sprinklers and ADA compliant features.

With the Travis Tower assignment, Trammell Crow leases four million sf in the Houston metro. In the CBD, the TCC team also leases and manages 811 Dallas St.

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.

Dig Deeper



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.