29 Jun Real estate briefs from The Oklahoman for June 29, 2019
Employment assistance agency moving offices
The Center for Employment Opportunities Inc., which provides training for the formerly incarcerated, has signed a lease for new headquarters office space at 501 N Walker Ave. in a transaction handled for the lessee by Susan Davis Jordan and Kelsey Gilbert with CBRE.
The company helps clients bridge behavioral and skill gaps, then moves them into part-time positions with the company as they transition to full-time jobs elsewhere. It leased 8,290 square feet of space, providing room for flexibility and growth, Director Sam Eagleson said.
“The Center for Employment Opportunities had a very unique set of needs when searching for their new headquarters including a desire for an easily accessed location and, as they had outgrown their existing space, fairly immediate occupancy,” Davis Jordan said. “501 North Walker (Ave.) fit perfectly for a variety of reasons including its proximity to the bus station and downtown, a layout that worked for their needs with little tenant improvement and the opportunity for quick occupancy.”
Hines buys stake in Texas skyscraper
Hines, developer and manager of Devon Energy Center, including 50-story Devon Tower, the tallest skyscraper in Oklahoma, recently partnered with Cerberus Capital to buy a 10% stake in Houston’s 75-story JP Morgan Chase Tower, the tallest skyscraper in Texas, in a $627 million deal, according to Connect Commercial Real Estate at www.connect.media.
Connect reported: The late architect I.M. Pei designed the tower at 600 Travis in downtown Houston, completed in 1981 under the name Texas Commerce Tower. The deal included adjacent 407,000-square-foot Chase Center at 601 Travis. Hines developed both properties in the early 1980s and manages them. The seller was Hairiri Interests, operating as Prime Asset Management, and controlled by former Lebanese prime minister Rafic Hariri.