CBRE Adds Tenants to Houston Office Tower
- Jan 29, 2018
CBRE has secured two new leases at Sage Plaza, a 531,000-square-foot office tower in Houston’s Uptown/Galleria submarket. Insgroup Inc. and Legal Access Holding Co. LLC will occupy a total of 63,112 square feet at the property.
Insgroup, an independent strategic risk and insurance advisor, agreed to lease 43,296 square feet at Sage Plaza. Legal Access Holding Co., a diversified employee benefits firm engaged in administration, network development, technology management and insurance, signed a 19,816-square-foot lease.
LEED Silver certification
Located at 5151 San Felipe St., the building was completed in 1983 and is LEED Silver certified. The current owner, Blackrock, acquired the 25-story property in 2007, according to Yardi Matrix. The landlord recently upgraded the outdoor seating area and added a new fitness center. Additionally, Blackrock revealed plans to enhance the aesthetics and programming of the building lobby and common areas.
The CBRE team of First Vice President Jason Presley and Senior Vice President Debbie Wilson worked on behalf of the landlord in the lease negotiations. Executive Vice President David Bale of JLL represented Insgroup, while Principal & Director Jay Kyle with Colliers Internation assisted Legal Access Holding Co. in the transaction.
“Over the past few years, the area surrounding Sage Plaza has grown organically into a vibrant 24/7 mixed-use community. Sage Plaza has and continues to transform to be the high-quality office location for the area,” said Presley, in prepared remarks.
In August 2017, CBRE landed the leasing assignment of Park Towers North and South, two Class A office towers also in Houston’s Galleria submarket.
Sage Plaza can currently accommodate tenants ranging from 2,000 to 100,000 square feet. The property is adjacent to a variety of retail and dining venues, including True Kitchen Foods and an organic grocer, North Italia.
Image courtesy of Yardi Matrix