Virtus Real Estate Capital

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    The 615 S. College high-rise is currently 84 percent leased and offers two-story balconies, 10-foot ceiling heights and a 1,456-space parking garage.

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    The landlord closed a lease renewal within the 4.2 million-square-foot Houston Center, at LyondellBasell Tower. Law firm Haynes and Boone will occupy three floors at the property.

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    The latest report from The Boulder Group attributes rising cap rates in part to a drop in the average remaining lease term at some stores. Meanwhile, institutional investors continue to lose interest in the sector, which nonetheless remains healthy.

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    Manhattan's Rockefeller Center will be the first location to promote the new space, followed by properties in Boston, Washington, D.C., Chicago, Los Angeles and Germany.

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