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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. -
Downtown Development Project List
DOWNTOWN DEVELOPMENT This list provides details on all public and private sector construction projects in Downtown Houston since 1995. Costs are estimated or otherwise not available. Under Construction Harris County Jury Assembly Plaza Reconstruction of the plaza and pavilion including relocation of electrical vault. Address 1210 Congress St. Developer Harris County Estimated cost $11.3 million Est. completion 3Q 2021 Website Harris County Clerk McKee City Living 4‐story, 120‐unit affordable‐workforce housing. Address 626 McKee St. Developer Gulf Coast Housing Partnership Estimated cost $29.9 million Est. completion 4Q 2021 Website McKee City Living UHD Student Wellness & Success 72,000 SF student fitness and recreation facility. Address 315 N Main St. Developer University of Houston Downtown Estimated cost $38 million Est. completion 2Q 2022 Website UHD Student Wellness & Success Center JPMorgan Chase & Co. Tower Reframing and renovations of the first and second floor lobbies, tunnel access and the exterior plaza. Address 600 Travis St. Developer Hines Estimated cost $2 million Est. completion 3Q 2021 Website JPMorgan Chase & Co Tower Frost Town Brewing Reframing and 9,100 SF brewing and taproom serving locally inspired beers Address 600 Travis St. Developer Hines Estimated cost $2.58 million Est. completion 3Q 2021 Website Frost Town Brewing Moxy Hotel by Marriott Redevelopment of the historic office building at 412 Main St. into a 13‐story, 119‐room hotel. Address 412 Main St. Developer InnJoy Hospitality Estimated cost $4.4 million P Est. completion 2Q 2022 Website Moxy Marriott Hotel V = Estimated using the Harris County Appriasal Distict public valuation data, January 2019 P = Estimated using the City of Houston's permitting and licensing data Updated 07/01/2021 Harris County Criminal Justice Center Improvement and flood damage mitigation of the basement and first floor. -
Availabilities
AVAILABILITIES SOUTH TOWER NORTH TOWER 711 LOUISIANA 700 MILAM FLOOR 32 - 16,605 RSF FLOOR 29 - 21,382 RSF FLOOR 26 - 21,382 RSF FLOOR 21 - 10,715 RSF FLOOR 19 - 7,707 RSF FLOOR 17 - 4,890 RSF FLOOR 16 - 3,890 RSF FLOOR 14 - 8,348 RSF FLOOR 11 - 10,614 RSF FLOOR 12 - 20,407 RSF FLOOR 10 - 20,346 RSF FLOOR 9 - 20,484 RSF FLOOR 11 - 20,407 RSF FLOOR 8 - 20,531 RSF FLOOR 10 - 9,375 RSF FLOOR 7 - 20,429 RSF FLOOR 9 - 20,407 RSF FLOOR 8 - 20,426 RSF FLOOR 7 - 20,442 RSF FLOOR 6 - 20,458 RSF FLOOR 2 - 20,520 RSF LOBBY - 4 Spaces TUNNEL - 3 Spaces SOUTH TOWER NORTH TOWER LARGEST CONTIGUOUS BLOCK LARGEST CONTIGUOUS BLOCK FLOORS 7-10, Pt. 11: 92,404 RSF FLOORS 6-9, Pt. 10: 91,108 RSF PROPERTY FACTS Address 711 Louisianna (South Tower) | 700 Milam (North Tower) Building Class “A” office property, two (2) thirty-six (36) story towers, totaling 1,421,765 RSF Common Area Factor Approximately 15.0% (multi-tenant floors) / 9.0% (single-tenant floors) Floor Size Approximately 21,500 RSF Lease Rate Negotiable Operating Expenses Estimated 2016 Operating Expenses of $16.10 per rentable square foot Lease Term Negotiable Leasehold Improvement Allowance Negotiable Up to 0.3 spaces per 1,000 square feet leased parking available below the building comprised of 525 spaces. Unreserved $220.00 / Reserved $285.00, plus taxes Parking Up to 1.5 spaces per 1,000 square feet lease parking available in Walker @ Main Garage (tunnel access) comprised of 1,000 spaces. -
Center for Public History
Volume 8 • Number 2 • spriNg 2011 CENTER FOR PUBLIC HISTORY Oil and the Soul of Houston ast fall the Jung Center They measured success not in oil wells discovered, but in L sponsored a series of lectures the dignity of jobs well done, the strength of their families, and called “Energy and the Soul of the high school and even college graduations of their children. Houston.” My friend Beth Rob- They did not, of course, create philanthropic foundations, but ertson persuaded me that I had they did support their churches, unions, fraternal organiza- tions, and above all, their local schools. They contributed their something to say about energy, if own time and energies to the sort of things that built sturdy not Houston’s soul. We agreed to communities. As a boy, the ones that mattered most to me share the stage. were the great youth-league baseball fields our dads built and She reflected on the life of maintained. With their sweat they changed vacant lots into her grandfather, the wildcatter fields of dreams, where they coached us in the nuances of a Hugh Roy Cullen. I followed with thoughts about the life game they loved and in the work ethic needed later in life to of my father, petrochemical plant worker Woodrow Wilson move a step beyond the refineries. Pratt. Together we speculated on how our region’s soul—or My family was part of the mass migration to the facto- at least its spirit—had been shaped by its famous wildcat- ries on the Gulf Coast from East Texas, South Louisiana, ters’ quest for oil and the quest for upward mobility by the the Valley, northern Mexico, and other places too numerous hundreds of thousands of anonymous workers who migrat- to name. -
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. -
CITY of HOUSTON Archaeological & Historical Commission Planning and Development Department
CITY OF HOUSTON Archaeological & Historical Commission Planning and Development Department PROTECTED LANDMARK DESIGNATION REPORT LANDMARK NAME: Mr. and Mrs. S.I. Morris House AGENDA ITEM: D.1 OWNER: S.I. Morris Interests, Ltd. HPO FILE NO.: 15PL124 APPLICANT: David K. Morris DATE ACCEPTED: Apr-15-2015 LOCATION: 2 Waverly Court – Museum District HAHC HEARING DATE: May-21-2015 SITE INFORMATION Lot 2, Waverly Court, City of Houston, Harris County, Texas. The site includes a historic two-story, contemporary style single-family residence facing west on Waverly Court at the corner of Bissonnet Street. TYPE OF APPROVAL REQUESTED: Protected Landmark Designation HISTORY AND SIGNIFICANCE SUMMARY The Mr. and Mrs. S.I. Morris House is a contemporary residence at 2 Waverly Court in the Museum District south of downtown Houston. The house was designed by prominent Houston architect Seth Irwin “S.I.” Morris, Jr. (1914-2006) and completed in 1952 as his family’s home. Morris’ firms – Wilson, Morris & Crain, AIA; Wilson, Morris, Crain & Anderson, AIA; S.I. Morris Associates; Morris*Aubry Architects and Morris Architects – left a timeless imprint on Houston through their crucial roles in creating such treasured landmarks as the Astrodome (1965), Pennzoil Place (1976), Transco (now Williams) Tower (1983) and Gus S. Wortham Theater Center (1987), among many others. In Building A Houston Practice: The Career of S.I. Morris, Barry Moore notes that Morris insisted the only building he had ever personally designed was the house built at the corner of Waverly Court and Bissonnet in the 1950s. That house remains in the Morris family and is home to the architect’s widow, Mrs. -
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. -
Houstonhouston
RealReal EstateEstate MarketMarket OverviewOverview HoustonHouston Jennifer S. Cowley Assistant Research Scientist Texas A&M University July 2001 © 2001, Real Estate Center. All rights reserved. RealReal EstateEstate MarketMarket OverviewOverview HoustonHouston Contents 2 Note Population 6 Employment 9 Job Market 10 Major Industries 11 Business Climate 13 Public Facilities 14 Transportation and Infrastructure Issues 16 Urban Growth Patterns Map 1. Growth Areas Education 18 Housing 23 Multifamily 25 Map 2. Multifamily Building Permits 26 Manufactured Housing Seniors Housing 27 Retail Market 29 Map 3. Retail Building Permits 30 Office Market Map 4. Office Building Permits 33 Industrial Market Map 5. Industrial Building Permits 35 Conclusion RealReal EstateEstate MarketMarket OverviewOverview HoustonHouston Jennifer S. Cowley Assistant Research Scientist Aldine Jersey Village US Hwy 59 US Hwy 290 Interstate 45 Sheldon US Hwy 90 Spring Valley Channelview Interstate 10 Piney Point Village Houston Galena Park Bellaire US Hwy 59 Deer Park Loop 610 Pasadena US Hwy 90 Stafford Sugar Land Beltway 8 Brookside Village Area Cities and Towns Counties Land Area of Houston MSA Baytown La Porte Chambers 5,995 square miles Bellaire Missouri City Fort Bend Conroe Pasadena Harris Population Density (2000) Liberty Deer Park Richmond 697 people per square mile Galena Park Rosenberg Montgomery Houston Stafford Waller Humble Sugar Land Katy West University Place ouston, a vibrant metropolitan City Business Journals. The city had a growing rapidly. In 2000, Houston was community, is Texas’ largest population of 44,633 in 1900, growing ranked the most popular U.S. city for Hcity. Houston was the fastest to almost two million in 2000. More employee relocations according to a growing city in the United States in the than four million people live in the study by Cendant Mobility. -
Agenda & Packet
LOUIS R. RIGBY CHUCK ENGELKEN Mayor Councilmember District 2 JOHN ZEMANEK DARYL LEONARD Councilmember At Large A Councilmember District 3 DOTTIE KAMINSKI KRISTIN MARTIN Councilmember At Large B Councilmember District 4 DANNY EARP JAY MARTIN Mayor Pro-Tem Councilmember District 5 Councilmember District 1 MIKE CLAUSEN Councilmember District 6 CITY COUNCIL MEETING AGENDA Notice is hereby given of a Regular Meeting of the La Porte City Council to be held October 24, 2016, beginning at 6:00 PM in the City Hall Council Chambers, 604 W. Fairmont Parkway, La Porte, Texas, for the purpose of considering the following agenda items. All agenda items are subject to action. 1. CALL TO ORDER 2. INVOCATION – The invocation will be given by Windell Gill, First Baptist Church. 3. PLEDGE OF ALLEGIANCE – The Pledge of Allegiance will be led by Councilmember Jay Martin. 4. PRESENTATIONS, PROCLAMATIONS, and RECOGNITIONS (a) Proclamation - Municipal Court Week - Mayor Rigby (b) Recognition - The City of La Porte 2016 Achievement of Excellence in Procurement Award - Mayor Rigby (c) Recognition - The City of La Porte Government Finance Officers Association Distinguished Budget Presentation Award for Fiscal Year 2015 - Mayor Rigby (d) Recognition - The City of La Porte Certificate of Achievement for excellence in Financial Reporting for Fiscal Year 2015 - Mayor Rigby (e) Recognition - City of La Porte Outstanding Achievement in Popular Annual Financial Reporting for Fiscal Year 2015 - Mayor Rigby (f) Recognition - City of La Porte Traditional Finance Star and the Contract and Procurement Star - Mayor Rigby 5. PUBLIC COMMENTS (Limited to five minutes per person.) 6. CONSENT AGENDA (All consent agenda items are considered routine by City Council and will beenacted by one motion. -
Retail Leasing Opportunities
RETAIL LEASING OPPORTUNITIES WWW.ICONICPENNZOILPLACE.COM PENNZOIL PLACE | 711 LOUISIANA ST. SUITE 100 | HOUSTON, TEXAS 77002 | TRANSWESTERN.COM/HOUSTON PROPERTY INFORMATION - Over 4,000 people office at Pennzoil Place including companies such as Cheniere Energy, Plains Exploration, Bracewell & Giuliani, Gensler and Houstonian Lite. Pennzoil Place is a block away from the Theatre District’s entertainment and restaurants and offers multiple tunnel access points to One and Two Shell Plaza, Chase Tower, 919 Milam and Bank of America Center. AVAILABLE LOBBY LEVEL - 3,805 SF base building condition (street visibility) - 832 SF (street & lobby access) - 1,278 SF (street & lobby access) - 1,222 SF available AVAILABLE TUNNEL/MALL LEVEL - 790 SF available and 1,200-3,012 SF available of redeveloped area. CO-TENANTS INCLUDE - Chick-fil-A, Starbucks, Treebeards, Which Wich, Salata, Sonic, Michael’s Cookie Jar and Amegy Bank ECONOMIC INFORMATION - Please call to discuss DEMOGRAPHICS 1 MILE 2 MILE 3 MILE Daytime Population 142,142 243,706 475,418 Population 16,814 166,841 385,514 Average HH Income $72,419 $80,293 $85,329 WALKER @ MAIN PUBLIC PARKING FOR RETAIL LEASING INFORMATION CONTACT: CINDY NGUYEN 713.231.1562 [email protected] WWW.ICONICPENNZOILPLACE.COM PENNZOIL PLACE | 711 LOUISIANA ST. SUITE 100 | HOUSTON, TEXAS 77002 | TRANSWESTERN.COM/HOUSTON LOBBY LEVEL SUITE TENANT SIZE SUITE TENANT SIZE 1 James Burnett 3,500 SF 7 Available 1,222 SF 2 James Burnett 2,333 SF 8 Transwestern Management Office 2,858 SF 3 Available (Base Building -
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. -
Click Above for Virtual Tour Sublease 601 Jefferson St
Click Above For Virtual Tour Sublease 601 Jefferson St Long-Term Sublease With the remaining term running through June 2030, enjoy peace of mind and long-term savings by locking in below market rents for years to come. Plug & Play Opportunity All floors are fully furnished and ready for occupancy, including Haworth cubicles and office furniture, as well as completely outfitted conference and break rooms. Up To Nearly 150,000 Total SF Available Great Panoramic Views of Downtown DIRTT Walls Quickly tailor your space to your business’ needs Available For Immediate Occupancy by reconfiguring the installed DIRTT Wall offices and conference rooms. Contact Broker For Rate Information For More Information Gary Lawless | 713.491.6307 | [email protected] Samuel Heiber | 202.783.3889 | [email protected] Sublease At-A-Glance Jefferson Towers 6 360+ At Cullen Center Floors Available Building Conference Center Capacity Tunnel Connectivity 88 Enjoy access via skywalk to 1600 Smith St to Houston‘s famed downtown tunnel system offering a wide range of (Very Walkable) retail and dining options all while remaining under protection Walk Score from any inclement weather on the surface level. On-site food court, Frost Bank, Amazon Locker and full-service post office. 1.50/1,000 Thru June 2030 Parking Ratio 25,000 SF Approximate Typical Floor Plate Long-term sublease opportunity 150K SF Building Security Up to nearly 150,000 SF available in total, A robust on-site with more than 123,000 SF contiguous. Great Access security system, including key card 601 Jefferson provides convenient access in and elevators, helps out of downtown via I-10, I-45 and Hwy 59, as well as manage and control Click the icon to the right to get a by Metro‘s bus and light rail transit services.