Major Downtown Leases Signed, Market briefs

In Houston, Cushman & Wakefield has arranged significant lease agreements totaling 158,487 SF in the 1001 Fannin building, a 47-story skyscraper in downtown Houston. The two large leases include a 103,405-SF lease renewal with Chord Energy and a 55,082-SF lease renewal with Black Stone Minerals Company.

Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord, JMB Realty Corp., in the lease negotiations. Chad Beck of Cushman & Wakefield represented Chord Energy and Trey Strake, David Guion and Chris Oliver of Cushman & Wakefield represented Black Stone Minerals Company.

“We are excited to have renewed the leases of these leading tenants at 1001 Fannin,” Colvill said. “Chord Energy has been a tenant at 1001 Fannin for over 16 years and Black Stone Minerals Company has been a tenant in the building for more than 30 years.”

The LEED Gold certified office tower includes 1,333,312 SF of office space with eight corner offices per floor, 25,000 SF of retail and amenity space and a tunnel connected parking garage that encompasses a full city block bounded by Fannin, San Jacinto, Lamar and McKinney.

“Ownership has completed a multi-million-dollar renovation and, in addition to renewing tenants like Chord Energy and Black Stone Mineral Company, we are seeing strong leasing activity from new tenant prospects as a result of the renovations,” Colvill said.

Renovations include a revitalization of the building’s lobby and tunnel levels, a new lobby-level coffee shop, spacious tenant lounge areas with collaboration spaces, a new fully equipped fitness center, and a new exclusive outdoor tenant plaza.

The 1001 Fannin was designed by Morris Aubry Architects, which created the architectural plans for a number of other significant Houston buildings including the Wortham Center

Cushman & Wakefield is among the largest global real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries.