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Wednesday, January 07, 2009 Mixed Use
The purchase price of the historic building was undisclosed, but the Harris County Appraisal District showed the building was valued at $9.5 million in 2006. JPMorgan Chase was the seller of the building, which is located at 811 Rusk St. International commercial tenant advisory firm Studley brokered the sale. The 416,000 sq. foot Houston Club Building is near the center of downtown and has access to the downtown tunnel system. Built in 1948 by Houston broker and former Houston Chronicle publisher Jesse H. Jones, the 18-story Houston Club Building has 80,000 sq. feet reserved for the Houston Club, the city's oldest social club that dates back to 1894. The club has called the building home since it opened. The building consists of street-level retail space with a day-care center, five levels of parking, four floors for The Houston Club and eight floors of office space occupied by JPMorgan Chase. The bank plans to vacate the building by year-end, according to representatives from Studley. Cameron Management plans a major renovation of the building. Formed in 2001, the company has offices in both Houston and San Antonio, and owns other prominent Houston buildings at 3000 Richmond and the Esperson Building. Address: 811 Rusk St., Houston, Texas Size: 416,000 sq. feet Built: 1948 Filed Under: Mixed Use E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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