Waste Management has signed a contract to move its corporate headquarters to a soon-to-open skyscraper at the corner of Capitol and Travis Streets in Houston.
Waste Management will relocate into nine floors of Capitol Tower in 2020, consolidating employees from two downtown buildings: 1001 Fannin and 1021 Main, the Houston Chronicle reports.
The Houston-based waste and recycling hauler will occupy 284,000 square feet in the building at 800 Capitol. The company has 1,927 full- and part-time employees in the Houston area, according to the report.
Houston Chronicle has more details:
In the largest office lease signed for a downtown building this year, Waste Management has inked a deal to move its corporate headquarters to Capitol Tower, a soon-to-open skyscraper at the corner of Capitol and Travis streets.
The new lease is another positive sign for Houston's office market, which has seen activity pick up in some areas after years in the doldrums. Large companies are again leasing big blocks of office space and energy firms are in the market for temporary digs for short-term projects, said Rich Pancioli, a broker with the commercial real estate firm CBRE, which represented Waste Management in its new lease.