The property asset involved in the transaction is an office space located at 845 Texas Avenue in Houston. This asset encompasses a square footage of 52,000 and is part of the Texas Tower high-rise, which boasts a total area of 1 million square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Long-term lease
• Address: 845 Texas Avenue
• Market: Houston
• Landlord: Laura Hines-Pierce - Hines, Nathalie Palladitcheff - Ivanhoé Cambridge
• Tenant: Skadden, Arps, Slate, Meagher & Flom LLP
• Landlord's Representative: Michael Anderson - Cushman & Wakefield
• Tenant's Representative: Mark O’Donnell - Savills

Skadden, Arps, Slate, Meagher & Flom LLP will be moving into the leased space in April 2026. The transaction brokered by Savills and Cushman & Wakefield contributes to achieving 99% occupancy for the Texas Tower high-rise.