Hines, Cerberus Buy 2.1 MSF Former JPMorgan Chase Office Complex in Downtown Houston
HOUSTON — Hines and an affiliate of Cerberus Capital Management LP have purchased a 2.1 million-square-foot office complex located at 600-601 Travis St. in downtown Houston. The property at 600 Travis St., which was formerly branded JPMorgan Chase Tower, stands 75 stories, measures approximately 1.7 million square feet including 22,237 square feet of ground-floor retail space and is the tallest building in Texas. The building at 601 Travis St. was formerly branded JPMorgan Chase Center, rises 20 stories and spans about 408,000 square feet. The property at 600 Travis St. will undergo significant capital improvements, including upgrades to the lobby and common areas and the addition of a new conference center. Hines manages both buildings. The seller was not disclosed.