X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Mosbacher Energy Co., an independent oil and gas exploration and production company, has inked a lease for 23,788 sf of class B office space in the JPMorgan Chase Building in downtown Houston. Sources report the energy firm is planning to stay another 10 years.

Details are limited about the newest deal for the 707 Travis St. landmark, still known by many locals as the Texas Commerce Building. “The building itself is well occupied,” says John Spafford, a vice president with locally based PM Realty Group. “Such a high-profile tenant is important both for the building and for the downtown area as well.” He did say there are no renovations are planned for the firm’s office.

Mosbacher Energy, which has been a 20-year tenant of the property, was represented by Edward Prejean and Steve Burkett of the Staubach Co.’s Houston office. Spafford negotiated the deal for the building owner, JPMorgan Chase of New York City. According to PM Realty’s website, the 807,721-sf complex’s quoted rent is $9.50 per sf.

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.