Completed in January 2000, one of the newest additions to Houston’s skyline, BriarLake Plaza is a 503,000 square foot office building located at 2000 West Sam Houston Parkway at the southwest corner of Briar Forest Drive and the Tollway. Tishman Speyer Properties originally developed the 15-acre development as a 3-building, 1 million-square-foot campus office complex, selling the complex to Crescent Real Estate Equities Company and JPMorgan Fleming Asset Management in October 2003.

In separate transactions, Wellstream International Limited signed a lease for 10,461 square feet, represented by Mike Boehler of The Staubach Company. Dresser, Inc. signed a lease totaling 9,765 square feet in the building. Dresser was represented by Ed Prejean and Ronnie Deyo also of The Staubach Company. First Magnus Financial Corporation signed a lease for 8,625 square feet, represented by Bo Busby of Hill Partners Corporate Services, LLC of Austin, Texas. In other transactions, Dow Jones leased 3,834 square feet and SBI & Company leased 3,369 square feet. Chip Colvill of Colvill Office Properties represented the landlord in negotiations, as these leases were pending at the time Crescent purchased the property. Crescent has since assumed all leasing responsibilities for the building.

Since BriarLake Plaza’s completion, Colvill completed leases at the property totaling over 686,000 square feet. According to Colvill: “I was fortunate to have been part of this new office development and am delighted we reached stabilized leasing to facilitate Crescent’s acquisition of the property. Crescent is a strong owner, and their purchase ensures the tenants in the building will receive first-class property management services.”

According to Bob Boykin of Crescent: “Colvill Office Properties did an outstanding job of marketing Briar Lake Plaza, and they are assisting us in making a smooth transition. We look forward to continuing to offer the high quality service that customers and potential customers have become accustomed to.”

Crescent Real Estate Equities Company is one of the largest publicly held real estate investment trusts in the nation. Through its subsidiaries and joint ventures, Crescent owns and manages a portfolio of 75 premier office properties totaling over 30 million square feet located primarily in the Southwestern United States, with major concentrations in Dallas, Houston, Austin and Denver. In addition, the Company has investments in world-class resorts and spas and upscale residential developments.

Colvill Office Properties, L.P. is operated by Houston real estate industry veteran Chip Colvill, specializing in Landlord Representation. Colvill has developed extensive expertise in commercial office building leasing in Houston, Texas over the past 18 years representing owners of major institutional office property. Colvill has extensive experience in the Houston real estate market, having completed over 4 million square feet of lease transactions in directing leasing and marketing for a 14.6 million square foot portfolio owned by various major institutional owners.