The firm has leased the top four floors in the 5 Houston Center, which is under construction on downtown's eastern side. Construction on the 27-story building has been going on for only a few months. But the building already is more than 70 percent leased, said Jane Page, senior vice president of Fort Worth-based Crescent Real Estate Equities Co., the project's developer. In fact, leasing is going so well that Crescent is seriously considering starting construction on another building, which would be named 6 Houston Center, Page said. That tower would be just east of the Four Seasons Hotel.
Crescent is one of the largest landlords in Texas.
It owns several office buildings in the Houston Center area, the Greenway Plaza project off the Southwest Freeway, and other major properties in Austin and the Dallas area. The 5 Houston Center is the largest building Crescent has under construction. Debbie Wilson of Crescent represented the landlord. Initial tenants on the lower floors are scheduled to move in in late 2002. The firm owns about 21 acres near the George R. Brown Convention Center.