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| Texas Tower acquires JPMorgan Chase Center in Houston Texas Tower Ltd, owner of the 75-story JPMorgan Chase Tower, announced the acquisition of the adjacent JPMorgan Chase Center in downtown Houston from JPMorgan Chase. The 20-story building is located at 601 Travis on the block bounded by Capitol, Travis, Texas and Main streets. Hines and Clifford Chance US LLP of New York represented Texas Tower Ltd in the transaction, while Mark Russell at Studley represented JPMorgan Chase. It was also announced that Hines has been hired to manage and lease the 1.1 million-square-foot property, which includes approximately 450,000 square feet of office and retail space. The Center, which was completed in 1982, was designed by I.M. Pei & Partners and developed by Hines. Over the years, JPMorgan Chase has used the location as a data processing and operations center. The bank is consolidating to 712 Main and 1111 Fannin, retaining just 26,000 square feet at the Center. Upon Chase's departure, 250,000 square feet will be available for lease. write your comments about the article :: © 2009 Construction News :: home page |