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1550 Lamar Street

Norton Rose Fulbright Expands Houston Headquarters Lease To 139000 Square Feet At Norton Rose Fulbright Tower
LEASEDOffice

Norton Rose Fulbright Expands Houston Headquarters Lease To 139000 Square Feet At Norton Rose Fulbright Tower

1550 Lamar Street

Building Size

139,000 SF

Asset Type

Office

Closing

Oct 30, 2025

AI

The property asset involved in this transaction is an office space located at 1550 Lamar Street in Houston. The asset spans a total of 139,000 square feet within the Skanska-owned Norton Rose Fulbright Tower. The building has recently seen improvements in the market, with vacancy rates declining to 20.2%. The latest lease renewal and expansion by Norton Rose Fulbright indicates a positive trend in the office space market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 1550 Lamar Street
  • Market: Houston
  • Landlord: Skanska
  • Tenant: Jeff Cody - Norton Rose Fulbright
  • Total Square Feet: 139,000
  • Expanded Space: 21,000 square feet
  • Current Lease Status: Approximately 70% leased
  • Date of Transaction: 10/30/2025

Key individuals in this deal include Jeff Cody who represents Norton Rose Fulbright, a global law firm that has renewed and expanded its headquarters lease in Houston. This transaction underscores Skanska's ongoing management of the property and its role in enhancing its occupancy rates in the face of a recovering office market.

Players

Skanska
SkanskaLandlord

Jeff Cody

Norton Rose Fulbright

Tenant

1 deal

Tenant

Houston Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93