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CBRE named exclusive agent for Wells Fargo Plaza.


HOUSTON, TX: CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  announced that it has been selected to market one of downtown Houston's most notable landmarks, Wells Fargo Wells Fargo

armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147]

See : Protectiveness


Wells Fargo

company that handled express service to western states; often robbed. [Am. Hist.
 Plaza. The 71-story, all-glass trophy skyscraper is located in the Central Business District (CBD (Component Based Development) Building applications with components (objects). See component software.

CBD - component based development
) at 1000 Louisiana Street.

"Wells Fargo Plaza has been a prominent asset in MetLife's real estate portfolio for almost 25 years." said Robert Merck, senior managing director, real estate investments for MetLife.

"Scarcity of available space in the CBD, strong office market fundamentals, and Houston's stature as one of the most dynamic and fastest growing economies in the nation were some of the key factors in our decision to gauge market interest in this property."

The Building's location at the epicenter of the "Skyline Corridor" has made it the desired location for the corporate offices of global energy firms, and key legal, financial and banking institutions. As of October, Wells Fargo Plaza is 91% leased to a tenured ten·ured  
adj.
Having tenure: tenured civil servants; tenured faculty.

Adj. 1. tenured
, investment-grade roster of large, international tenants complemented by several mid-sized tenants.

In January 2008, the Building is scheduled to recapture two quality, highly-desirable blocks of space which will be the largest contiguous availabilities in the entire city. With the market's existing pent-up demand and lack of new supply, these availabilities are expected to command premium rents.

In 2005, MetLife proactively commissioned noted architectural firm An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History
Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c.
 Gensler to design and implement an amenity enhancement program to ensure the building continues to offer its tenants top-notch amenities and cutting-edge service unrivaled in the CBD market. This exciting, $7 million amenity enhancement program includes extensive renovations to the main lobby and sky lobby A sky lobby is an intermediate floor where people can change from an express elevator that only stops at the sky lobby to a local elevator which stops at every floor within a segment of the building. , establishment of the exclusive Houstonian Lite fitness club, creation of a common area executive board room and auditorium, and a distinctive high-end valet service for tower's tenants.

The CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 Houston-based team of Richard Rudd, executive vice president, and Kent Peters, senior vice president, will team with New York-based Darcy Stacom, vice chairman and partner, and the Dallas-based team of Russell Ingrum, executive vice president, to lead the marketing efforts on behalf of MetLife.

The property is owned by Metropolitan Life Insurance Company and its affiliate, Metropolitan Tower Realty Company, Inc.
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Title Annotation:NATIONAL
Comment:CBRE named exclusive agent for Wells Fargo Plaza.(NATIONAL)
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Dec 12, 2007
Words:353
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