Colliers is pleased to announce the 4,520 square foot NNN lease of Class A office space in Saint James Place at 1885 Saint James Place in Houston, Texas. The landlord, Saint James Place Partners, was represented by Chrissy Wilson and Jack Russo of JLL. Ray Lopez of Colliers represented the tenant, HWCG, in the transaction.
Saint James Place is located at the heart of San Felipe Green with immediate access to Post Oak Boulevard, Uptown and The Galleria. The Class A development features nine floors of office space with six floors of above-grade parking. The decorative exterior masonry with a mixture of limestone colors and textures offers a sophisticated appearance with state-of-the-art building systems.
“This property perfectly aligned with our client’s vision,” said Ray Lopez of Colliers. “We’re proud to have played a pivotal role in this transaction with HWCG.”
The property is located in Houston’s West Loop/Galleria submarket, which is one of the largest in the market with 24.0 million square feet of office space. The submarket is 70.6% occupied with an average asking gross rental rate of $33.69 per square foot. No office buildings are currently underway in the submarket.
About Colliers International Group Inc.
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
