500 Jefferson under new ownership

HOUSTON – Corporate Property Associates 17–Global, an affiliate of W.P. Carey, has sold the 500 Jefferson building to Jefferson Smith LLC.

The 22-story, 390,000-sf office building, completed in 1962, was renamed last year, although a KBR sign remains attached to the building.

Located at the corner of Smith and Jefferson Streets, the tower is part of the Cullen Center office complex. The property is connected by skybridge over Smith St. and by tunnel to surrounding buildings and the Whitehall Hotel.