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struggling office market in Houston has presented a buying opportunity for a real estate law firm and local management company. Porter Law Firm and LandPark Advisors are acquiring the 16-story building at 2603 Augusta Drive, with Porter's headquarters set to occupy 17,000 square feet on one of its 11 floors. The building, located in the Galleria area, is under 50% leased, making it an attractive purchase for the firms.

    The law firm, led by owner Brad Porter, will relocate from a smaller space at 2221 South Voss Road, which is owned by Bridgewell, where Porter serves as managing principal. The acquisition comes as Houston's office leasing market hit its lowest point in a decade last quarter. While the purchase price was not disclosed, Porter described it as a "bargain," citing the current state of the market.

    The building offers amenities such as an updated lounge and 24-hour security, which the buyers plan to enhance with additions like a pickleball court and golf simulator. To mitigate potential revenue losses, leasing efforts will focus on smaller businesses that can adapt their office needs, rather than relying on large tenants. Since going under contract, LandPark Advisors has secured several leases for the building.