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HOUSTON-International law firm Skadden, Arps, Slate, Meagher & Flom LLP, headquartered in New York City, has relocated its Houston office to Wells Fargo Plaza, signing a long-term deal for 26,091 sf.The tenant, with offices at 1600 Smith St., will soon relocate to the 1.7 million-sf Wells Fargo property, located at 1000 Louisiana St. According to a company statement describing the deal, the relocation will place the law firm in a more central location to the business district.Sources with Lincoln Property Company, Houston, who represented the landlord, Metropolitan Life Insurance Company and Metropolitan Tower Realty Company Inc., indicate that the quoted lease rate for the space is $22 per sf.Though the exact rate for Skadden, Arps could not be obtained, TI allowances were included in the lease terms. The sources add that the property, built in 1982, is 81% occupied, with other renewal and expansion deals scheduled to close by the end of 2005.Tommy Wilson of CB Richard Ellis’ Houston office, represented Skadden, Arps in lease negotiations. Lincoln Property’s Kevin Wyatt and J.P. Hutcheson represented the landlord in the deal.

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