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The Espersonespersonesperson 808 Travis Street & 815 Walker Avenue • Houston, Texas
THETHETHE ESPERSONESPERSONESPERSON 808 TRAVIS STREET & 815 WALKER AVENUE • HOUSTON, TEXAS EXECUTIVE SUMMARY THETHETHE ESPERSONESPERSONESPERSON 808 TRAVIS STREET & 815 WALKER AVENUE • HOUSTON, TEXAS HFF, as the exclusive representative of the owner, is pleased to offer for sale a 100% fee simple interest in Esperson (the “Property”), a 19 and 27-story, 599,107 square foot office building located in Houston’s central business district. Constructed in 1927 and 1941 respectively, Esperson is the only iconic structure of Italian Renaissance in Houston’s most densified employment center. The property is currently 62% leased with 4 years remaining average lease term and is situated on 1.447 acres, a full city block. Located at the intersection of Rusk and Walker Street, Esperson has direct access to Houston’s METRO Rail and 7.5 mile underground tunnel system. Over the last 36 months, ownership invested nearly $9 million in non-leasing capital, positioning the asset at the top of its competitive set. Today, considerable value creation is achievable through rolling current in-place rents to market and through the lease up of the remaining 226,561 square feet of vacant space. Redeveloping and expanding Houston’s CBD infrastructure – realized through rebuilt streets – highways, new mass transit and enhanced public utilities coupled with new office, multi-family, and retail projects have transformed Houston’s core into a vibrant, modern 24/7 environment for people to live, work and play. Esperson offers investors prestige, history, quality, abundant amenities, and a prime location in Houston’s largest employment center. INVESTMENT SALES H. DAN MILLER, CCIM, SIOR Senior Managing Director Tel: (713) 852-3576 [email protected] MARTIN T. -
Desert Diamond the Whitehall Galveston Island
FALLFALL+HOLIDAYSUMMER + HOLIDAY 2016 20142015 THE DEFINITIVE GUIDE TO HOUSTON MEDIA KIT The Original Road Warrior H-TOWN’S BEST BRUNCHES, BARS & SNAPPY HOURS DESERT DIAMOND Luxurious Dubai BEST LOCAL BETS THE WHITEHALL See, Eat, Shop, Go! Remodeled, Rebranded, Reenergized GALVESTON ISLAND A New Golden Era Houston’s Best Steakhouses ABOUT US Welcome to Houston Hotel Magazine, the HYPER-LOCAL FEATURES Our features profile local celebrities and personalities, definitive guide for discerning travelers to Houston. outstanding chefs and cultural features that are unique to the Conveniently located in the best hotel rooms and area. Designed by an award-winning staff, we bring to life the suites in the city, HHM is all about Houston: where to parts of Houston we love in a way that nobody else can. go, what to do, and how to get there. From the finest IN EVERY ISSUE restaurants to world-class shopping, HHM gives its welcome Publisher’s note discussing the issue readers the scoop on everything that’s worth doing and the rundown A quick tour through what’s got the Houston seeing in one of the most exciting cities in the world. Hotel Magazine staff buzzing right now HHM only features the events and places we feel best shopping The best boutiques and shopping define our city. HHM shows readers the way to a great the scene Who, What, Where and Why of everything exciting in Houston stay in Houston. attractions The best things to do while in town dining The best places to eat, drink and be seen SEASONAL FEATURES Depending on the season, we create special sections that highlight different verticals. -
Major Lease Transactions Downtown Houston
MAJOR LEASE TRANSACTIONS DOWNTOWN HOUSTON This is a comprehensive list of publicly available leases in Downtown Houston, including new‐to‐Downtown, expansions and renewals. Year Company Type To From Square Feet 512,845 Enterprise Plaza 2020 Enterprise Products Partners Renewal (incl. 2019 (1100 Louisiana) expansion: 22,301) 2020 JP Morgan Chase New/Relocation 600 Travis 1111 Fannin 253,230 2020 EP Energy Relocation/Sublease 601 Travis 1001 Louisiana 62,261 5 Houston Center 2020 Venture Global LNG Renewal/Expansion 58,514 (1401 McKinney) (Expansion: 29,257 2020 Summit Midstream Partners, LP New to Downtown/Sublease 910 Louisiana The Woodlands 48,632 LyondellBasell Tower 2020 Mitsubishi International Corporation Renewal 45,838 (1221 McKinney) 2020 Indigo Minerals Renewal 600 Travis 45,125 Pennzoil Place – North Tower 2020 Cheniere Energy Expansion 33,127 (700 Milam) Texas Tower Wells Fargo Plaza 2020 DLA Piper Relocation/Expansion 31,843 (845 Texas) (1000 Louisiana) (Expansion: 6,836) Bank of America Tower 2020 Waste Management Expansion 31,750 (800 Capitol) USA: Office of the Comptroller and Fulbright Tower 2020 Renewal 27,223 Office of the Currency (1301 McKinney) 2020 Riviera Resources Relocation 717 Texas 600 Travis 27,114 One Allen Center 2020 TPC Group Renewal 24,803 (500 Dallas) Source: Central Houston, Inc. Updated 09-30--2020. 1 Year Company Type To From Square Feet Fulbright Tower 2020 AXIP Energy Services Renewal 24,657 (1301 McKinney) 2020 Chevron Expansion 1600 Smith 23,699 2020 Plains All American Refining, L.P. Expansion Three Allen Center (333 Clay) 23,172 2020 Momentum Midstream Renewal 600 Travis 22,575 2020 Lone Star Legal Aid Renewal 500 Jefferson 20,020 2020 Squire Patton Boggs Renewal 600 Travis 15,641 2 Houston Center 2020 USA: Office of the Comptroller Renewal 14,624 (909 Fannin) 2020 Rockcliff Energy, LLC Renewal 1301 McKinney 14,403 2020 Enbridge, Inc. -
712 & 708 Main Street, Houston
712 & 708 MAIN STREET, HOUSTON 712 & 708 MAIN STREET, HOUSTON KEEP UP WITH THE JONES Introducing The Jones on Main, a storied Houston workspace that marries classic glamour with state-of-the-art style. This dapper icon sets the bar high, with historic character – like classic frescoes and intricate masonry – elevated by contemporary co-working space, hospitality-inspired lounges and a restaurant-lined lobby. Highly accessible and high-energy, The Jones on Main is a stylishly appointed go-getter with charisma that always shines through. This is the place in Houston to meet, mingle, and make modern history – everyone wants to keep up with The Jones. Opposite Image : The Jones on Main, Evening View 3 A Historically Hip Houston Landmark A MODERN MASTERPIECE THE JONES circa 1945 WITH A TIMELESS PERSPECTIVE The Jones on Main’s origins date back to 1927, when 712 Main Street was commissioned by legendary Jesse H. Jones – Houston’s business and philanthropic icon – as the Gulf Oil headquarters. The 37-story masterpiece is widely acclaimed, a City of Houston Landmark recognized on the National Register of Historic Places. Together with 708 Main Street – acquired by Jones in 1908 – the property comprises an entire city block in Downtown Houston. Distinct and vibrant, The Jones touts a rich history, Art Deco architecture, and famous frescoes – soon to be complemented by a suite of one-of-a-kind, hospitality- inspired amenity spaces. Designed for collaboration and social interaction, these historically hip spaces connect to a range of curated first floor retail offerings, replete with brand new storefronts and activated streetscapes. -
DOWNTOWN the OAKS Hobby Airport 24 M I N
THE WOODLANDS KINGWOOD TOMBALL SPRING ATSCOCITA 290 HUMBLE LOCATION WILLOWBROOK 59 CYPRESS 90 6 The Heights 15 min. IAH 99 River Oaks 17 min. 45 West University Place 14 min. Memorial 23 min. 290 59 90 The Galleria 16 min. THE Tanglewood 17 min. HEIGHTS 10 KATY MEMORIAL 10 The Medical Center 19 min. 610 TANGLEWOOD RIVER DOWNTOWN THE OAKS Hobby Airport 24 m i n . GALLERIA WEST George Bush Intercontinental UNIVERSITY 27 m i n. THE Airport (IAH) PLACE MEDICAL PORT OF CENTER HOUSTON 610 Sugar Land 27 m i n. 59 Port of Houston 40 min. Trinity Bay 99 Baybrook 32 min. HOBBY AIRPORT 90 Katy 37 min. 45 Cypress 35 min. Galveston Bay 288 SUGAR LAND BAYBROOK The Woodlands 36 min. 59 6 PEARLAND Kingwood 38 min. 65,720 150,000 22 residents currently live employees work Hotels downtown downtown (2 mile radius) 11 2,936 220,000 million people attend downtown Houston new residential units people visit downtown culture and entertainment planned or under on a daily basis attractions annually construction 1.2 million 7, 300 1,500 43.7 million 1.5 million people stay in downtown hotel rooms new hotel rooms SF of existing SF of office under Houston hotels annually under construction office space construction MAJOR EMPLOYERS Franklin Franklin Lofts? Old Cotton Islamic Hermann The Corinthian Harris Exchange Dawah Center Harris Lofts County County Family Law Harris Garage Center County Foley Sally’s Hotel Icon Congress Plaza Civil Courthouse George Bush Building (Jury Assembly) House Monument Congress Market Market 1414 Square Congress Garage Square Houston Hamilton Street Sesquicentennial Harris County Ballet Park Residences Majestic 1910 Courthouse Harris County Park Metro Harris County Juvenile Justice Admin. -
Houston Skyline Future Available Retail Parking, Other Use
The Skyline market for Houston is defined as the Trophy market, which is further Occupied Direct vacant Sublease vacant defined as top-tier Class A product that is non-owner occupied, larger than 500,000 square feet, and located in a centralized core Houston location. Houston Skyline Future available Retail Parking, other use 80 70 60 50 40 30 20 10 Bank of Pennzoil BG Group Heritage One Allen Two Allen Three Allen One Shell Wells Fargo 1100 LyondellBasell 2 Houston Fulbright 5 Houston Pennzoil Place JP Morgan Place Plaza Center Center Center 1600 Smith 1001 Fannin America Plaza Plaza Louisiana 609 Main 1000 Main Tower Center Tower Center Place North South Chase 717 Texas Total Plaza Capitol Tower Center Tower Tower RBA (s.f.) 972,474 1,212,895 993,297 995,623 1,194,719 1,098,399 1,385,212 1,268,480 1,228,923 1,721,242 1,327,882 1,056,658 837,161 1,061,351 1,024,956 1,247,061 580,875 679,337 664,940 1,656,529 696,228 843,533 778,344 Percent leased 93.0% 99.0% 90.8% 90.9% 96.7% 85.2% 97.8% 92.5% 98.4% 87.4% 99.2% 50.9% 99.7% 95.1% 52.6% 90.3% 75.1% 64.4% 80.1% 93.6% 48.9% 74.0% 27.0% Year built/ renovated 2011 1986 1972/1992 1977/1992 1980 1984 1981/2005 1983/2001 1970/2012 1983 1980 2017 2003 1978/1996 1974/1996 1982/1999 2002 1975 1975 1982/2012 2003 1971/1999 2019 Skyline analysis Total vacancy (%) vs. -
Offering Summary Investment Overview
HOUSTON DOWNTOWN OFFERING SUMMARY INVESTMENT OVERVIEW HFF is pleased to offer on an exclusive basis the opportunity to acquire the fee-simple interest in the 350-room Doubletree Downtown Houston (“Property” or “Hotel”), prominently situated within Allen Center – an institutional-quality mixed-use office/retail/hotel complex – in the Houston CBD. The Hotel is strategically located near many of Houston’s top demand drivers including the George R. Brown Convention Center, Minute Maid Park (home of the Houston Astros), Toyota Center (home of the Houston Rockets) and over 51 million square feet of office space within a 1-mile radius. Many of the Fortune 500 companies located in Houston are within blocks of the Property, including Deloitte, Chevron and KBR. The Property is being offered fully unencumbered from both brand and management, presenting the next owner with a completely blank slate. With an irreplaceable location within Houston’s CBD core and strong in-place cash flow, the DoubleTree offers investors a unique, unencumbered opportunity with tremendous upside potential. INVESTMENT HIGHLIGHTS UNIQUE DOWNTOWN HOUSTON LOCATION The Property boasts an enviable location within Allen Center in Houston’s CBD, benefiting from downtown’s diversified demand base – not only corporate but also convention, sports, leisure, culture, medical, university/ education – and pedestrian friendly environment. This ideal mix of demand drivers has allowed the CBD to TWO ALLEN CENTER 1 MILLION SF continually outperform Houston’s overall market, as well as the -
Connected. Modern. Proven
Connected. Modern. Proven. INTRODUCTION LOCATION AMENITIES PLANS CONTACT Connections mean everything in business, and no other place in downtown Houston is more connected than 1000 Main. Connected with history, with people and places that are very much in the present, and connected with a bright future ahead. From its premier location, on bustling and energetic Main Street, light rail trains zip past, connecting busy professionals with the day’s agenda. Shoppers connect with an abundance of retail choices, while walkers, joggers and cyclists actively connect with sun, sky and fresh air right outside our door. 1000 Main is the best way to experience downtown Houston – a thoroughly modern address, in the heart of a neighborhood deeply connected with its roots. INTRODUCTION LOCATION AMENITIES PLANS CONTACT LANDMARK BUILDING – MONUMENTAL SUCCESS Numbers don’t tell the entire story of a building, but they offer a good place to start. 1000 Main was completed in 2003 and rises 36 stories at the very center of Houston’s vital downtown. Our Class AA office space features versatile floor plates of nearly 30,000 square feet and is certified LEED Gold. Add it all up and you’ll see why 1000 Main has consistently high occupancy and serves as home to many of our city’s finest corporate citizens. Introduction INTRODUCTION LOCATION AMENITIES PLANS CONTACT FRANKLIN CONGRESS Market THE VERY CENTER Square OF THE CENTRAL PRESTON BUSINESS DISTRICT Wortham Minute Maid Center Park PRAIRIE The main advantage of a central Alley location is ease of access. At 1000 Theatre MEMORIAL TEXAS MAIN SMITH BAGBY MILAM TRAVIS Main, you are connected to Houston’s AUSTIN FANNIN Bayou Jones Jones JACKSON CAROLINE HAMILTON CRAWFORD LOUISIANA La BRANCH CHENEVERT CHENEVERT airports, energy centers and favorite Place Plaza Hall SAN JACINTO neighborhoods by ample inbound- CAPITOL FROM US-59 N outbound options to all major freeways. -
United States Department of the Interior Minerals Management Service
CODETAIL UNITED STATES DEPARTMENT OF THE INTERIOR COMPANY MINERALS MANAGEMENT SERVICE 01-OCT-2021 PACIFIC OCS REGION PAGE: 1 Company Details Orders : COMPANY Companies: ALL Bonds : ALL 10th OCS Oil and Gas Lease Sale 00087 DEC/QUAL : 09-OCT-1962 Term Date : 09-OCT-1962 Regns : G 11th OCS Oil and Gas Lease Sale Zone 3 00100 DEC/QUAL : 28-APR-1964 Term Date : 28-APR-1964 Regns : G 12th OCS Oil and Gas Sale Zone 2 00118 DEC/QUAL : 01-JAN-1947 Term Date : 14-OCT-1968 Regns : G 1400 CORP. 00622 DEC/QUAL : 10-DEC-1980 Term Date : 22-APR-1982 Regns : P 145 OG HOLDINGS, LLC 03267 4514 Cole Ave. DEC/QUAL : 07-NOV-2012 Suite 600 Term Date : Dallas, TX 75205 Regns : PAYG * * * * * * UNCLASSIFIED * * * * * * CODETAIL UNITED STATES DEPARTMENT OF THE INTERIOR COMPANY MINERALS MANAGEMENT SERVICE 01-OCT-2021 PACIFIC OCS REGION PAGE: 2 Company Details Orders : COMPANY Companies: ALL Bonds : ALL 157 OG Holdings, LLC 03271 4514 Cole Avenue DEC/QUAL : 21-DEC-2012 Suite 600 Term Date : Dallas, TX 75205 Regns : PAYG 1982 Drilling Program 00830 Box 6629 DEC/QUAL : 14-NOV-1983 San Antonio, TX 78209 Term Date : 19-JUL-1988 Regns : P 1986 STEA Limited Partnership I 01145 1221 Lamar, Suite 1600 DEC/QUAL : 19-JUN-1987 Houston, TX 77010 Term Date : 19-SEP-1997 Regns : G 1987-I STEA Limited Partnership 01253 1221 Lamar, Suite 1600 DEC/QUAL : 24-MAR-1988 Houston, TX 77010 Term Date : 19-SEP-1997 Regns : G 1987-VI STEA Limited Partnership 01252 1221 Lamar, Suite 1600 DEC/QUAL : 24-MAR-1988 Houston, TX 77010 Term Date : 19-SEP-1997 Regns : G * * * * * * UNCLASSIFIED * * * * * * CODETAIL UNITED STATES DEPARTMENT OF THE INTERIOR COMPANY MINERALS MANAGEMENT SERVICE 01-OCT-2021 PACIFIC OCS REGION PAGE: 3 Company Details Orders : COMPANY Companies: ALL Bonds : ALL 1988-I TEAI Limited Partnership 01470 c/o Torch Energy Assoc. -
HVS Market Intelligence Report: Houston, Texas
HVS Market Intelligence Report: Houston, Texas December 11, 2007 By Shannon L. Sampson Houston is perpetually reinventing itself. No longer typeset as the “Energy Capital of the Summary World,” the city’s economy has diversified greatly over the past two decades, with growth outpacing national standards. Natural resource exploration and production still play a hefty Once thought of as a big oil role in Houston, to be sure, especially following the recent resurgence of the energy markets. town, Houston’s vast array But another of Houston’s nicknames is “Space City,” referring to NASA’s famous Manned‐ of new developments are Space flight and Mission Control Centers—and major new office and retail developments, the taking off throughout "Space expansion of the convention center, and the renaissance of the downtown area encourage a broader City." interpretation of this moniker. Once susceptible to a homogeneous energy industry, Houston now boasts a diversified economy that can withstand major economic interruptions. This article explores how Houston is using Comments its “space” in vastly diverse ways—from skyscrapers to boutique hotels, from the Museum District to the port, from its stadiums to its world‐class shopping mall—and how hotel properties fare on the grid. During the third quarter of 2007, Houston’s office space occupancy reached nearly 90% of an inventory spanning roughly 180 million square feet, with approximately 1.3 million square feet positively absorbed. An additional 24 buildings currently under construction will add another four million square feet of Class A space to FILED UNDER Houston’s office market.[1] Significant growth in office construction is occurring in the western submarkets of CATEGORIES Westchase and the Energy Corridor, and two office towers are slated to begin construction in 2008 within the Central Business District, further pillaring the third‐largest skyline in the United States. -
One Allen Center Tunnel Space Downtown Houston, Tx
ONE ALLEN CENTER TUNNEL SPACE DOWNTOWN HOUSTON, TX CRYSTAL ALLEN KIM BERNICK Managing Director Vice President 713.270.3360 713.270.3330 [email protected] [email protected] CLEVELAND CONROE TODD MISSION GRANGERLAND 45 SPLENDORA PROPERTY INFORMATION EGYPT MAGNOLIA › The downtown tunnels service 150,000 daytime PINEHURST THE employees WOODLANDS JUFSMITH › Located in newly renovated food court within the PORTER TOMBALL West Dallas Tunnel SPRING 249 59 99 EASTGATE KINGWOOD › Allen Center has 3.2 Million SF of office space with HOCKLEY GEORGE BUSH 5,845 employees INTERCONTINENTAL HUFFMAN AIRORT ATASCOCITA 290 HUMBLE › Direct access from One Allen Center, Two Allen 249 Center, Three Allen Center, 1400 Smith, and WILLOWBROOK 8 Heritage Plaza office buildings ALDINE 59 CROSBY › Co-tenants include: Chick-fil-a, Jimmy Johns, JERSEY VILLAGE Salata, Snap Kitchen, Super Cuts, Just Falafel, SHELDON 90 45 Fresh Healthy Cafe, Haute Crepe, Gigi’s cupcakes, NORTHWEST Ono Poke and Leaf & Grain HOUSTON HIGHLANDS 8 KATY ENERGY 10 10 CORRIDOR 10 99 610 CINCO RANCH HOUSTON BAYTOWN POPULATION 59 MISSION BEND 610 PASADENA HOBBY 1 Mile 3 Miles 5 Miles AIRPORT 6 LA PORTE MEADOWS 90 SOUTH 19,364 183,686 425,114 PLACE 288 HOUSTON Bush SUGAR LAND 1960 Intercontinental 249 Airport 290 8 DAYTIME POPULATION RICHMOND PEARLAND SEABROOK ROSENBERG GREATWOOD 1 Mile 3 Miles 5 Miles 59 FRESNO KEMAH 610 FRIENDSWOOD 197,244 461,343 881,956 10 LEAGUE CITY PLEAK SIENNA 146 6 PLANTATION Hobby 45 MANVEL Airport AVERAGE HH INCOME 8 FAIRCHILDS ALVIN 59 288 1 Mile 3 Miles 5 Miles HILLCREST SANDY 288 6 $117,729 $108,240 $105,240 45 POINT LOCHRIDGE ROSHARON HITCHCOCK 1900 West Loop South | Suite 1300 | Houston, TX 77027 Join Our Check Out More T 713.270.7700 F 713.270.6285 | www.transwestern.com Mailing List Retail Listings SITE PLAN NO.6 AVAILABLE 541 RSF 1,533 RSF 328 RSF AVAILABLE 870 RSF 855 RSF AVAILABLE 1,201 RSF 1,241 RSF AVAILABLE 1,769 RSF FRT ELEV NO.3 712 RSF AVAILABLE 776 RSF 844 RSF ELEV. -
Houston's Office Market Weakens Over the Quarter and Braces Itself Moving
Research & Forecast Report HOUSTON | OFFICE Q1 2020 Houston’s office market weakens over the quarter and braces itself moving forward amid $20 oil Lisa Bridges Director of Market Research | Houston Commentary by Patrick Duffy MCR Market Indicators Annual Quarterly Quarterly Colliers generally uses this space to discuss the trends we see Relative to prior period Change Change Forecast* in market data and in conversations we have with our clients, prospects and friendly competitors. We take that data and attempt VACANCY to project activity going forward. The bulk of the first quarter was, NET ABSORPTION for all practical purposes, pre-COVID. Net “move-in” data, as well as new leases signed, were likely unimpacted for Q1 based on the DELIVERIES virus or only marginally impacted. Our industry has a lead time of UNDER CONSTRUCTION at least 4-6 months before a lease is signed or space made ready for occupancy. The real impact of this COVID crisis will not present *Projected in the data until later in Q2. Inertia will carry us for a few more weeks. The world is focused on the COVID driven economic slowdown. Houston has two issues to watch – COVID and a collapse in oil prices. The oil issue is driven by Saudi Arabia and Russia failing to reach an agreement on production and by the severe decline of oil and gas demand driven by the COVID shutdown. Oil has been Summary Statistics Houston Office Market Q1 2019 Q4 2019 Q1 2020 in the low 20’s since the collision of these two events. The Energy Information Administration is projecting that supply will continue to Vacancy Rate 19.4% 19.8% 20.0% outpace demand for the balance of this year by approximately 10MM barrels per day.