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.