(HOUSTON) – Hines, the international real estate firm, announced today that it has been retained by WEDGE Commercial Properties as property manager for 1415 Louisiana, previously known as WEDGE International Tower. Colvill Office Properties has been selected as the exclusive leasing agent for the property.
1415 Louisiana is a 520,000-square-foot Class A office building located in Houston’s central business district. The 43-story tower is tunnel-connected offering convenient access to many sought after downtown amenities for dining, shopping, services and more, all within walking distance.
An impressive capital improvement campaign is underway and once complete, the building will feature a new and refreshed main entry; a contemporary and expansive main lobby accented with elegant Italian stone; a dynamic tunnel makeover including new lighting, floor and wall treatments; and a new back-painted glass elevator lobby with a sophisticated and refined entry into newly finished elevator cabs. Additionally, new mechanical systems are being installed to maximize efficiency and tenant comfort.
“Hines currently provides a total of 14.5 million square feet of third-party property management services throughout the city of Houston, and we are proud to have been selected to represent property management interests at 1415 Louisiana.” Hines Director of Property Management Adam Rose said. “Hines brings a strong management team and detailed renovation experience to this assignment. We believe this is a unique opportunity based on the owner’s financial commitment, the renovation and management experience of Hines, and the leasing expertise of Colvill Office Properties to leverage the project’s natural strengths of location, access, and parking to create a great home for companies in the CBD.”
Richard Barbles and Connor Saxe of Colvill Office Properties are responsible for leasing the building.
About Colvill Office Properties
Colvill Office Properties specializes in landlord representation of office buildings and currently directs leasing and marketing of 20.2 million square feet of Class A office space in Houston, Dallas and College Station. The firm now leases 19 percent of the Class A and 32 percent of the CBD office space in the city. For more information, visit www.colvilloffice.com.
Hines is a privately owned global real estate investment firm founded in 1957 with locations in 185 cities in 19 countries. Hines has $84.9 billion of assets under management, including $42.7 billion for which Hines provides fiduciary investment management services, and $42.2 billion for which Hines provides third-party property-level services. In 2014, Hines completed over $8 billion in transactions on behalf of its investment management clients. The firm has 104 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired more than 1,000 properties, totaling over 339 million square feet. The firm’s current property and asset management portfolio includes 511 properties, representing over 176 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.