Posted Oct 14, 2016, 6:45 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,429
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Word is CBRE may become a tenant for the tower..
Skanska hires brokerage to prelease downtown Houston tower
Quote:
New York-based Skanska USA Commercial Development has retained CBRE's Houston office to begin preleasing an ambitious downtown office tower, according to multiple sources close to the situation.
Skanska's Capitol Tower is planned for the site at 811 Rusk St., which is where the former Houston Club building was, which was demolished in October 2014.
The 35-story, 750,000-square-foot tower, which hasn't broken ground yet aside from its foundation being poured, has been on hold. In June, a company spokesperson told the Houston Business Journal that the company wouldn't move forward on vertical construction until market conditions improve.
"Since we self finance our (projects), we do not have set preleasing requirements," said Elizabeth Miller, director of communications for Skanska's northeast division. "Rather, we evaluate each potential leasing deal and the market conditions to determine the construction start of our projects."
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