Habitation Leasing

Posted on: August 28th, 2012 by habitationleasing No Comments


It’s been a busy year in the commercial real estate market. The 1 million-square-foot Kinder Morgan building is the latest Houston skyscraper to go up for sale.

The 32-story building at 1001 Louisiana was the former headquarters of El Paso, which was acquired by Kinder Morgan this year. The property is now the new global headquarters for both the Kinder Morgan family of companies and the now-separate EP Energy,

which also leases space in the tower.

An asking price has not been set, but a recent report from Real Estate Alert said the tower could fetch as much as $400 million. The property was recently renovated to LEED Gold standards, according to an announcement from HFF, which is marketing the building with Studley. Kinder Morgan will be occupying its portion of the building under a long-term lease.

The Houston area has seen a spate of of buildings go on the market or sell in recent months for record prices. Click here and here for some high-profile examples.

Via Chron.com

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