HOUSTON – Cushman & Wakefield announced Wednesday that it has acquired Colvill Office Properties, a Houston-based firm specializing in office agency leasing and marketing services.
Colvill Office Properties currently manages leasing and marketing for approximately 17 million square feet of Class A office space across Houston, including the one-million-square-foot Texas Tower now under development by Hines in downtown.
“Houston, as one of the nation’s five largest metro areas, remains a priority market for Cushman & Wakefield,” said Andrew McDonald, President of Cushman & Wakefield’s West Region. “Adding the most respected and accomplished office agency in Houston strengthens our investor services platform across Texas. The Colvill team has a proven record of creating strong value for clients and shares our commitment to collaboration and innovation.”
The Colvill Office Properties team brings more than 130 years of combined experience and has been honored four times as Owner’s Representative of the Year by the Houston Office Leasing Broker’s Association (HOLBA). Their current portfolio spans more than 30 properties across Houston submarkets, including the Central Business District, Energy Corridor/Katy Freeway, Galleria/Uptown, Westchase, West Belt, Springwoods and the Inner Loop.
“We are thrilled to join one of the world’s leading commercial real estate firms,” said Chip Colvill, founder and former president/CEO of Colvill Office Properties, who will join Cushman & Wakefield as Executive Vice Chairman. “Cushman & Wakefield’s global reach and the talented local team in Houston will allow us to deliver even greater value for our building owners, elevating what we’ve built at Colvill over the last two decades.”
Over the years, Colvill has overseen leasing and marketing for many of Houston’s prominent office developments, including 609 Main, 600 Travis, 1100 Louisiana, 910 Louisiana, 811 Louisiana, 1001 Fannin, CityCentre, 5 Post Oak and the Galleria Office Towers.
Colvill is also managing leasing for the proposed CityCentre Six office project being developed by Midway in West Houston.
