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The Fulbright Tower is a 52-story office
" '' Los Angeles Times''. September 21, 1980. Section Part VII, G42. Retrieved on November 11, 2009. A part of the
'' Business Wire''. May 5, 2005. Retrieved on November 11, 2009. The bottom seven levels were designed for four trading floors for commodities like electricity and natural gas. The building at one point was owned by ChevronTexaco. As of 2005, Crescent owns the tower in a joint venture with the affiliates of GE Asset Management and
Building becomes Fulbright Tower / Law firm takes name of former Chevron space
" '' Houston Chronicle''. Wednesday March 30, 2005. Business 3. Retrieved on November 11, 2009. Norton Rose Fulbright has its Houston office located in the Fulbright Tower, in Suite 5100.
'' Business Wire''. December 22, 2004. Retrieved on November 11, 2009. The tower property was developed in 1985. Norton Rose Fulbright became a tenant during that year. The original name of the structure was the Gulf Tower. Chevron became the building's main tenant, and its name became the Chevron Tower. Norton Rose Fulbright renegotiated and extended its lease in 2003 and retained the possibility of naming rights; as of 2005, the firm occupies of space. On February 24, 2005, Crescent completed the joint venture agreement involving the Fulbright Tower; a pension fund investor advised by JPMorgan Asset Management bought a 60% ownership interest in the building and an affiliate of GE Asset Management bought a 16.15% ownership interest. In 2004, ChevronTexaco sold the building to Crescent. During that year the tower was 49% occupied. By March 2005, ChevronTexaco planned to move its operations out of the tower after buying
skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-ris ...
originally known as 3 Houston Center.Office Tower Rising in Downtown Houston" '' Los Angeles Times''. September 21, 1980. Section Part VII, G42. Retrieved on November 11, 2009. A part of the
downtown
''Downtown'' is a term primarily used in North America by English speakers to refer to a city's sometimes commercial, cultural and often the historical, political and geographic heart. It is often synonymous with its central business distric ...
Houston Center
Houston Center is a retail and office complex in Downtown Houston, Texas, United States. It is owned by Brookfield Property Partners and Spear Street Capital, LLC, and operated separately by Jones Lang LaSalle (JLL) and Brookfield Property Manage ...
complex, Texas, United States, the tower has of Class A office
An office is a space where an organization's employees perform administrative work in order to support and realize objects and goals of the organization. The word "office" may also denote a position within an organization with specific dut ...
space.Crescent Announces First Quarter 2005 Results.'' Business Wire''. May 5, 2005. Retrieved on November 11, 2009. The bottom seven levels were designed for four trading floors for commodities like electricity and natural gas. The building at one point was owned by ChevronTexaco. As of 2005, Crescent owns the tower in a joint venture with the affiliates of GE Asset Management and
J.P. Morgan Asset Management
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the w ...
.Sarnoff, Nancy.Building becomes Fulbright Tower / Law firm takes name of former Chevron space
" '' Houston Chronicle''. Wednesday March 30, 2005. Business 3. Retrieved on November 11, 2009. Norton Rose Fulbright has its Houston office located in the Fulbright Tower, in Suite 5100.
History
Construction on the tower was scheduled to begin in November 1980. The building was built in 1982.Crescent Acquires Downtown Houston Office Property; Chevron Tower Acquisition Brings All of Houston Center Assets into Crescent's Portfolio.'' Business Wire''. December 22, 2004. Retrieved on November 11, 2009. The tower property was developed in 1985. Norton Rose Fulbright became a tenant during that year. The original name of the structure was the Gulf Tower. Chevron became the building's main tenant, and its name became the Chevron Tower. Norton Rose Fulbright renegotiated and extended its lease in 2003 and retained the possibility of naming rights; as of 2005, the firm occupies of space. On February 24, 2005, Crescent completed the joint venture agreement involving the Fulbright Tower; a pension fund investor advised by JPMorgan Asset Management bought a 60% ownership interest in the building and an affiliate of GE Asset Management bought a 16.15% ownership interest. In 2004, ChevronTexaco sold the building to Crescent. During that year the tower was 49% occupied. By March 2005, ChevronTexaco planned to move its operations out of the tower after buying
1500 Louisiana Street
1500 Louisiana Street, formerly Enron Center South, is a 600 ft (183m) tall skyscraper in Houston, Texas. It was completed in 2002 and has 40 floors and a total building area of 1,284,013sq.ft. It is the 17th tallest building in the city and ...
in Downtown Houston. Norton Rose Fulbright used their naming rights, and in 2005 the building gained the name ''Fulbright Tower''. In 2005, the Fulbright Tower was 57% occupied. In 2006, Chevron Corporation
Chevron Corporation is an American multinational energy corporation. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in S ...
still occupied three floors at the Fulbright Tower. In 2009 Conway MacKenzie leased at the Fulbright Tower. Brookfield Properties
Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management. It is responsible for the pro ...
, which acquired the Houston Center in 2017, began renovating the campus in 2019 alongside architectural firm Gensler. The first phase of the project was completed in 2021 and, as of March 2022, the final phase was underway."https://www.bizjournals.com/houston/news/2022/03/22/brookfield-properties-3-houston-center-upgrades.html Brookfield Properties to start final phase of Houston Center campus upgrades]." '' Houston Chronicle''. March 22, 2022. Retrieved on April 10, 2022.
Tenants
* Norton Rose Fulbright *Key Energy Services
Key Energy Services is an American oilfield services company.
Background
The company, established in 1977, provides well services and is based in Houston, Texas with other offices in Midland, Texas and regional offices in Bakersfield, Californi ...
* Office of the Comptroller of the Currency
See also
* List of tallest buildings in the United StatesReferences
{{reflist Skyscraper office buildings in Houston 1982 establishments in Texas Office buildings completed in 1982 Leadership in Energy and Environmental Design gold certified buildings