Office

HOUSTON — The 1.7 million-square-foot JPMorganChase Tower, a 75-story office tower located at 600 Travis St. in downtown Houston, has experienced a frenzy of leasing activity. The tower is now more than 96 percent leased, thanks to leases totaling more than 145,000 square feet. Linn Energy has expanded its lease by 58,944 square feet, which brings the total to 175,000 square feet. Trey Strake and Chris Oliver of Cushman & Wakefield represented the tenant in lease negotiations. Hines is the property manager of JPMorganChase Tower. Other leasing activity includes Breitburn Energy Partners expanding its lease by 22,561 square feet for a total of 66,045 square feet; Indigo Minerals and M2 Midstream renewed leases for 21,900 square feet; Denham Capital Management renewed its lease for 13,191 square feet; Crest Investment Co. renewed its lease for 11,493 square feet; KKR has expanded its lease by 9,286 square feet for a total of 23,291 square feet; McMurrey Investment Advisors signed a lease for 5,281 square feet; and KeyBank National Association signed a lease for 2,533 square feet.

FORT WORTH — American Recovery Property Trust (ARPT) has acquired Western Place I & II, a 425,000-square-foot office complex in Fort Worth, for $34 million. The complex consists of two 10-story buildings and features tenants such as Lockheed Martin, BAE Information Systems, APEX Capital Corp. and Computer Science Corp. The transaction was ARPT's first real estate acquisition.

HOUSTON — HFF has arranged the sale of a three-building office portfolio totaling 566,308 square feet, located at the intersection of Interstate 10 and Dairy Ashford Road in Houston's Energy Corridor. The three eight-story office buildings are 93.6 percent leased. Robert Williamson and H. Dan Miller of HFF represented the sellers, Falcon Southwest and CarVal Investors, in the transaction. Susan Hill of HFF arranged the acquisition financing through JPMorgan Chase Bank on behalf of the buyer, Beacon Investment Properties.