CBD Project Hits 71.6% Pre-Leasing with 16,347-SF Bank Deal

HOUSTON-The Bank of Texas has pre-leased 16,347 sf on two floors of 5 Houston Center, a 576,964-sf office tower currently under construction on the east side of Houston’s CBD. The signing takes the project to 71.6% occupancy.

Under the lease terms, the bank will have a 3,949-sf ground-floor presence and 12,398 sf of office space for its energy group on the 16th floor. In-house broker Debbie Wilson represented the building owner, Crescent 5 Houston Center LP, an entity of Ft. Worth-based Crescent Real Estate Equities Co. Dena Wren with CB Richard Ellis handled talks for the tenant.

Construction began in November 2000 on the multi-tenant office building and is scheduled for completion in late 2002. 5 Houston Center is the latest addition to Crescent’s 3.7 million-sf Houston Center office complex in the CBD. Nine floors are left to be completed as Crescent edges closer to an early 2002 topping out. The building’s pouring has reached the 18th floor while crews are busy with architectural detailing on the lower floors. The office complex is close to Enron Field and home to Park Shops, Four Seasons Hotel, Four Seasons Apartments, Houston Center Club.

Bank of Texas, based in Tulsa, OK, has seven branches in Houston and 14 in Dallas-Ft. Worth. A subsidiary of BOK Financial Corp., its assets exceed $2 billion.