X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-The law firm of Shepherd, Smith & Edwards is in a relocation mode, signing a long-term, 9,547-sf lease for Downtown space.

The deal nudges occupancy above the 90% mark in the 260,000-sf building at 1010 Lamar St. “I’d say we aggressively pursued this tenant because it was important for the building and we were happy to get them,” John Spafford, vice president of leasing for PM Realty Group in Houston, tells GlobeSt.com. He and colleague Doug Little represented the building owner, KBS Realty Advisors of Newport Beach, CA. The tenant, which specializes in securities law, will move from 1314 Texas St. in November.

The building’s quoted rate is $16.50 per sf annually. Spafford says Shepherd, Smith & Edwards’ attorneys are getting a standard improvement package although they are taking over space previously occupied by another firm, Adams & Coffee, which moved to the building’s top floor so it could expand. “We’re upgrading the finishes to reflect what they need,” he says.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.