{"id":382579,"date":"2026-07-22T16:26:09","date_gmt":"2026-07-22T16:26:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/382579\/"},"modified":"2026-07-22T16:26:09","modified_gmt":"2026-07-22T16:26:09","slug":"houstons-williams-tower-sold-in-reported-300m-plus-deal","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/382579\/","title":{"rendered":"Houston\u2019s Williams Tower sold in reported $300M-plus deal"},"content":{"rendered":"

Energy firm Williams Companies has acquired its namesake office tower in Houston, marking a new chapter for the 64-story skyscraper that has defined the Uptown skyline<\/a> for 40 years.<\/p>\n

The transaction, which closed July 20, includes the 1.4-million-square-foot office tower and a parking garage, said Glen\u00a0Jasek, a senior vice president at Williams\u2019 Houston office, in an interview. Jasek declined to disclose the sale price.\u00a0<\/p>\n

Williams agreed to pay more than $300 million for the property, in one of the area\u2019s largest single-property office trades since 2019, according to industry\u00a0news site Green Street News<\/a>.<\/p>\n

The investment underscores Williams\u2019 commitment to Houston,\u00a0Jasek said. The Tulsa-based pipeline company has had a presence in Williams Tower since acquiring Transco in 1995. Williams transports about a third of the nation\u2019s natural gas, he said, and it recently expanded into the power generation business.<\/p>\n

\u201cWe really want to have more control over our destiny because we do see ourselves growing in the Houston market, and this just gives us that ability to do that while providing a very positive employee experience,\u201d\u00a0Jasek said.<\/p>\n

Williams already has about 700 employees operating out of Williams Tower and another 100 working in downtown Houston, he said. The company plans to hire another 100 people in the city by the end of the year,\u00a0Jasek said.<\/p>\n

The seller, Williams Tower LP, an entity tied to\u00a0Invesco Real Estate, has been pushing Harris County to lower the appraised value of the property, which the county originally pegged at $290 million in May 2026, according to Harris County Court documents. Invesco did not immediately return requests for comment.<\/p>\n

Invesco Real Estate paid $412 million<\/a> to purchase Williams Tower in 2013, near the height of Houston\u2019s oil boom when energy firms were rapidly expanding their office footprints, fueling a surge in investor confidence in Houston\u2019s office market. Then the oil bust in 2015 roiled Houston\u2019s real estate industry, sending office values tumbling. \u00a0<\/p>\n

Although the office market later stabilized, the pandemic and higher interest rates have continued to hamper the market. So far this year, weighted average prices for Houston office buildings are about $123 per a square foot \u2013 about 57% below their peak in 2015, according to\u00a0Avison Young<\/a>.<\/p>\n

Despite the market swings over the past 15 years, Williams Tower still attracts and retains big name tenants, such as LyondellBasell,<\/a> Camden Property Trust<\/a>, CBRE and Morgan Stanlely. The tower is about 83% occupied, according to Williams.<\/p>\n","protected":false},"excerpt":{"rendered":"Energy firm Williams Companies has acquired its namesake office tower in Houston, marking a new chapter for the…\n","protected":false},"author":2,"featured_media":382580,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[56,58,57],"class_list":["post-382579","post","type-post","status-publish","format-standard","has-post-thumbnail","category-houston","tag-houston","tag-houston-headlines","tag-houston-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/382579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=382579"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/382579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/382580"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=382579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=382579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=382579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}