HOUSTON (August 10, 2022) –Savills and Cushman & Wakefield announced that the commercial real estate services and tenant advisory firms have arranged an extension of a 172,301-square-foot, 8-floor office lease for Baker Botts L.L.P. at 910 Louisiana, located in the Houston Central Business District. Hines professionally manages the asset on behalf of the ownership, Busycon Properties LLC.
Savills Vice Chairman Mark O'Donnell, Managing Director Jennifer Meehan, and Associate Director Lizzie Prochazka Baker Botts in its real estate strategy. Winfield Haggard, Jr. and Chip Colvill of Cushman & Wakefield represented the landlord, Busycon Properties LLC.
“Baker Botts has been an integral part of downtown Houston since its founding and the firm has had a long-standing relationship with the 910 Louisiana building where it has resided since 1971,” said O’Donnell. “The law firm has grown in tandem with the city, and it made sense for Baker Botts to keep its current headquarters in the heart of the Central Business District. The transaction is on track to be one of the largest office deals of the year in Houston and we are grateful to Baker Botts for trusting Savills to oversee its real estate strategy.”
“We are pleased to continue our long-standing relationship with Baker Botts. This lease extension follows the firm’s 50th anniversary of being a tenant in 910 Louisiana, which they celebrated in 2021,” said Darrell Kainer, vice president at Busycon Properties LLC.
“Baker Botts is excited to extend our long-term relationship with Hines and Busycon Properties at 910 Louisiana,” said Partner-in-Charge Russell Lewis. “910 Louisiana has consistently offered our lawyers, staff and valued clients excellent service and amenities. We will be extensively modernizing our space to meet the needs of our firm and to continue to provide first-class service to our clients. We are delighted to be a valued tenant in such an iconic building.”
Located on Louisiana Street between McKinney Street and Walker Street, 910 Louisiana is a 1.2 million-square-foot, Class A office property that has been continuously managed by Hines. The 50-story office tower is in the heart of Houston's Central Business District. As one of Hines' first high-rise office towers, 910 Louisiana set the standard of excellence for the many projects that followed. The building has undergone multiple major renovations totaling over $80 million all while occupied. The first renovation was between 1991 and 1993, followed by a renovation between 2009 and 2012, and the third, most recent renovation in 2020. The scope of the renovations included architectural changes to the lobby and plaza, new graphics, elevator modernization, major upgrades of the building's electrical, mechanical, and plumbing systems, new lighting, new windows, curtainwall restoration, asbestos abatement, ADA modifications and all new life safety systems. These comprehensive capital improvements to 910 Louisiana have ensured the permanent Class A status of the property’s operating systems, technology, and aesthetics. These extensive renovations were instrumental in Baker Botts reaffirming the firm’s long-term commitment to the property. Located on the building's 49th floor is the exclusive Houston Club, which offers a full complement of fine dining, entertainment, and meeting facilities. 910 Louisiana is LEED Gold certified.
“Ownership and Hines have done an amazing job at 910 Louisiana, certainly one of the most identifiable buildings in the Houston market with its strong position in the Central Business District,” said Colvill. “Baker Bott’s decision to remain in the building under this long-term lease is strong recognition that these major renovation efforts have proven to be successful in our ability to attract and retain the top tenants in the Houston market.”