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American First Tower Keeps Manager

American First Tower keeps manager
By KATHERINE FESER

A decade-old dream has become a reality for the founders of American First National Bank with the completion of an office condominium building in Houston’s growing New Chinatown.

American First Tower, a $30 million project at 9999 Bellaire Blvd. and Beltway 8, was envisioned as new “Class A” office building for the region.

“It really can be called a landmark now,” the bank’s chairman, Henry Wu, said.

The development cost includes the land, which was purchased about 10 years ago.

Moody Rambin Interests has been retained to manage the building.

Jo Wyatt and Wayne Reyes will oversee property management.

American First National Bank occupies four floors of the 12-story building, including one floor that has been set aside for expansion.
The Asian-American-owned bank has its headquarters in the building and is its largest occupant.

Completed in September, the building is 100 percent sold as office condominiums. There are 16 owners who have space as small as a quarter of a floor. Among the major owners are Max Packaging, Everich Properties I, Sun Investment and V 247 Corp.

Since opening in 1998, American First National Bank has grown to almost of $500 million in assets. The bank has four locations in Houston and three in Dallas and 120 employees.

The project team included EDI Architecture and SpawGlass Construction.
The scope included a 211,587-square-foot building and a six-floor garage with 598 parking spaces.

Separately, Moody Rambin Interests was recently named to lease and manage 801 Travis downtown and 363 N. Sam Houston Parkway in the North Belt area.

KATHERINE FESER
katherine.feser@chron.com

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