{"id":384572,"date":"2026-07-24T01:29:26","date_gmt":"2026-07-24T01:29:26","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/384572\/"},"modified":"2026-07-24T01:29:26","modified_gmt":"2026-07-24T01:29:26","slug":"64-story-williams-tower-in-houston-bought-by-namesake-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/384572\/","title":{"rendered":"64-story Williams Tower in Houston Bought by Namesake Company"},"content":{"rendered":"

Energy giant Williams Companies purchased its namesake tower close to the Galleria this week at 2800 Post Oak Boulevard.<\/p>\n

The deal for the 64-story, 1.4 million-square-foot office tower closed on Monday, according to the Houston Chronicle<\/a>. Glen Jasek, one of the company\u2019s senior vice presidents, told the outlet that the deal also includes a parking garage, and that the purchase gives the company more opportunity to grow in the Houston market. The listing price equates to $214 per square foot.<\/p>\n

Tulsa, Oklahoma-based Williams Companies paid $300 million for the tower, according to a report from Green Street News, which said the purchase<\/a> is one of Houston\u2019s largest single-office-property buys since before the pandemic.\u00a0<\/p>\n

The former owners, Atlanta-based Invesco Real Estate, were pushing Harris County to lower the appraisal on the property, according to the Chronicle. Harris County had the building pegged at $290 million as recently as May. Invesco purchased the property<\/a> in 2013 for $412 million, marking a more than $100 million loss on the sale.\u00a0<\/p>\n

Williams Tower, which was formerly<\/a> known as the Transco Tower, was developed by Houston-based Hines and completed in 1983. Williams Companies acquired Transco in 1995, and formally changed the tower\u2019s name in 1995.\u00a0<\/p>\n

Today, even after multiple crises like the 2015 oil bust and pandemic-related interest rate spikes, it still sits at 83 percent occupied. Morgan Stanley revealed plans to expand its office space in the tower last year, and in 2024 Camden Property Trust and LPL Financial moved their respective headquarters into the tower.\u00a0<\/p>\n

While highly-amenitized, prestigious towers in Houston\u2019s downtown areas are still performing well, other office properties around the city are still struggling in the wake of the pandemic. For some, the only solution is demolition<\/a>. For others, spacious tenants are taking advantage of lower values to purchase the buildings they occupy. Just down the street from the Williams Tower, the Galleria submarket scored 200,000 square feet of positive absorption in 2025.\u00a0<\/p>\n

\u2014 Hunter Cooke<\/p>\n

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LyondellBasell leases 318K at Williams Tower<\/p>\n

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Houston\u2019s office glut is fueling a demolition trend for mostly vacant properties<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Camden\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Camden Property Trust\u2019s HQ move is another loss for Greenway Plaza<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Energy giant Williams Companies purchased its namesake tower close to the Galleria this week at 2800 Post Oak…\n","protected":false},"author":2,"featured_media":384573,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[56,58,57],"class_list":["post-384572","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\/384572","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=384572"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/384572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/384573"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=384572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=384572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=384572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}