Clifford Chance Leases 60,000 SF Office Space At The Square At Texas Tower, Houston
845 Texas Avenue
Building Size
60,000 SF
Asset Type
Office
Closing
Nov 17, 2023
AI
Law firm Clifford Chance is expanding its Houston presence in The Square at Texas Tower, leasing 60,000 square feet across two floors. The property, located at 845 Texas Avenue in Houston, is an office space with a total area of 60,000 square feet. The lease transaction involves Clifford Chance, a renowned law firm, securing space in the building for their Houston office.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 845 Texas Avenue, Houston
- Market: Houston
- Tenant: Clifford Chance - Charles Adams
- Landlord: Hines - Laura Hines-Pierce; Ivanhoé Cambridge - Nathalie Palladitcheff
- Brokers: Chad Beck & Michael Anderson - Cushman & Wakefield
Clifford Chance's expansion in Houston demonstrates their commitment to the city's legal market. The move to The Square at Texas Tower follows the recent opening of Clifford Chance's Houston office within the building. The property, which has achieved Platinum status across multiple certifications, provides an ideal location for the law firm's operations.
Players
York 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