A Swamplot reader who has some familiarity with the terms of the deal has expressed surprise at the 10-year lease the federal government’s General Services Administration recently signed for 132,539 sq. ft. of office space Downtown. The arrangement appears to leave the GSA paying rent on 2 separate Houston office locations for the U.S. Attorney — for 2 years. The U.S. Attorney’s office, located in the office building at 919 Milam since 1994, will move early next year to offices on the 23rd through 27th floors of Wells Fargo Plaza at 1000 Louisiana St. — space formerly occupied by Dynegy, according to a report in Globe St.:
The GSA . . . considered more than 40 potential locations before touring seven buildings and then narrowing it down to four final buildings. Wells Fargo Plaza stood out because of its location, which is two blocks from the federal court building, along with its access to the downtown tunnel system and its 25,000-square-foot floorplates.
The GSA was represented in lease negotiations by the Houston office of Jones Lang LaSalle. Bruce Rutherford is a managing director in the office:
“The building is a short walk to the federal courts, and when it’s really hot or raining, the lawyers can use the tunnel to get there,†Rutherford says, adding that Wells Fargo Plaza is also a “straight shot†by cab if necessary.
But the reasons for the move cited in the article — which include an impending lease expiration, proximity to the federal courthouse, desire for a more efficient use of space as well as enhanced technology and security, and tunnel access — “just don’t add up” for our source, who notes that the Wells Fargo Plaza location is only one block closer to the federal court building at 515 Rusk than the Attorney’s current offices, which also have access to the underground tunnels.