Houston, Texas
A long-standing client of Colliers International, Crown Castle International retained Christopher D. Winters for representation in the acquisition of an office property as an investment and for expansion of its corporate Headquarters in Houston.
The Challenge:
The primary challenges of this listing involved locating a building that would fitthe Client’s future space needs in a market that was tightening up quickly with only one office building officially on the market. Additionally, there was the issue of identifying a building with a strong tenant base to reduce Crown Castle International's occupancy costs.
Services:
This transaction stands as an excellent example of Colliers International’s strong teamwork in action. The brokers in the Houston office of Colliers International were able to team up and represent both the buyer and seller in this transaction. Colliers brought a thorough understanding of the market to bear on this assignment and worked collaboratively to bring Crown Castle the best real estate services possible.
Results:
Colliers International located an off-market property in one of Houston’s premier office submarkets through a solid understanding of the lease as well as investment markets. Given the lack of product on the market, time was of the essence in this transaction – in all, 30 days transpired from the first Letter of Intent to closing. Incredible teamwork on both sides resulted in a definite win/win deal for all parties involved.
Broker: Christopher D. Winters
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