Overview
- The purchase, which closed Monday, July 20, includes the 1.4 million‑square‑foot Williams Tower and an adjacent parking garage for a reported price above $300 million.
- Williams said it will consolidate roughly 700 employees in the building and add about 100 more staff in Houston by the end of the year.
- The seller was Williams Tower LP, an entity tied to Invesco Real Estate, which had been contesting a Harris County appraisal that valued the property near $290 million this spring.
- Williams Tower is roughly 83% leased to major tenants such as LyondellBasell, Camden Property Trust, CBRE and Morgan Stanley, and Williams plans to reserve extra space for future expansion.
- The deal follows a decade of falling office values in Houston after a 2015 oil downturn and the pandemic, with average office prices near $123 per square foot in 2026, and it is one of the largest single‑property office sales in the city since 2019.