(HOUSTON) – The Houston office of Hines, the international real estate firm, announced today that Community Bancorp, LLC, (CBC) has signed a long-term lease at Williams Tower for 30,064 square feet.
The bank holding company will move into the building in the fourth quarter of this year, occupying 23,090 square feet on level 38 (full floor) and 6,974 square feet of retail space in the building’s lobby.
CBC was represented in lease negotiations by Kevin Snodgrass and Scott Wegmann with Cushman & Wakefield of Texas.
Allison Knight and Chrissy Wilson of Hines represented Hines REIT, the building owner.
“We are pleased that Community Bancorp has chosen Williams Tower for its new home,” said Knight.
“The tower is a world-class property in Uptown Houston, and the banking operation is a solid addition to the existing tenant roster.”
The 1.5 million-square-foot, 64-story Williams Tower is located at 2800 Post Oak Boulevard.
With the signing of this lease, the tower is 88.4 percent leased.
Community Bancorp LLC is a bank holding company, headquartered in Houston, Texas. CBC has raised equity capital commitments of $1 billion for the purpose of making investments in the U.S. banking sector, with a particular focus on community banks that are well positioned to benefit from the equity capital and industry expertise CBC can provide.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,126 properties representing more than 459 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.
With offices in 106 cities in 17 countries, and controlled assets valued at approximately $23.7 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.
Visit www.hines.com for more information.