Park Towers is a complex of two office buildings along the

610 Loop Interstate 610 (I-610) is a freeway that forms a loop around the inner city sector of the city of Houston, Texas. I-610, colloquially known as The Loop, Loop 610, The Inner Loop, or just 610, traditionally marks the border between the ...

Houston Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 i ...

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

. It consists of two 18 story office towers, Park Towers North and Park Towers South, which each have of rentable space,Park Towers, Houston
" TPMC Realty Corp. Retrieved on May 14, 2010. and one six story parking garage.Dawson, Jennifer. "GE units to park 300 workers in refurbished Park Towers space." ''

Houston Business Journal American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor New ...

''. Friday August 6, 2004
1
Retrieved on May 14, 2010. The building, in proximity to

Uptown Houston Uptown (more commonly called The Galleria Area) is a business district in Houston, located west of Downtown and is centered along Post Oak Boulevard and Westheimer Road ( Farm to Market Road 1093). The Uptown District is roughly bounded by ...

, is owned by Post Oak Partners LLP; TPMC Realty Corp. provides leasing and management services.Dawson, Jennifer. "Park Towers lease renewal keeps NetIQ in Uptown fold." ''

''. Friday November 5, 2004
1
Retrieved on May 14, 2010. Previously

Cameron International Corporation Cameron International Corporation (formerly Cooper Cameron Corporation (CCC) and Cooper Oil Tool, Cameron Iron Works) though now operating under Schlumberger, is a global provider of pressure control, production, processing, and flow control s ...

maintained its international headquarters in Park Towers South.

History

The buildings were built in 1972 and 1973. Throughout the complex's history

Halliburton Halliburton Company is an American multinational corporation responsible for most of the world's hydraulic fracturing operations. In 2009, it was the world's second largest oil field service company. It has operations in more than 70 countries ...

, Philadelphia Life, and

Tenneco Tenneco (formerly Tenneco Automotive and originally Tennessee Gas Transmission Company) is an American automotive components original equipment manufacturer and an aftermarket ride control and emissions products manufacturer. It is a Fortune 5 ...

rented space in the complex. By 1992 the buildings were vacant. Lynn Cook of the ''

'' said in 1999 that "for more than a decade Park Towers has sat like a stark

white elephant A white elephant is a possession that its owner cannot dispose of, and whose cost, particularly that of maintenance, is out of proportion to its usefulness. In modern usage, it is a metaphor used to describe an object, construction project, sch ...

."Cook, Lynn.
TPMC's revamp of Park Towers becomes reality on West Loop
" ''

''. Friday March 5, 1999. Retrieved on May 14, 2010. In December Holliday Fenoglio Fowler secured financing to allow TPMC Realty Corp. to extensively renovate the buildings. TPMC stripped the buildings to their concrete and steel girders and then rebuilt the two towers. TPMC rebuilt the twin towers with glass curtain walls and expanded the floor plates to . of office space was added to the complex. By 2000 PentaSafe Securities Technologies announced that it was leasing in the Park Towers. PentaSafe, the first tenant in the new Park Towers in August 2000, was acquired by

NetIQ NetIQ is a product line within the CyberRes line of business at Micro Focus, which includes solutions focused on cybersecurity, including ArcSight, Fortify, Voltage, and NetIQ. NetIQ was previously based in Houston, Texas, with products that pr ...

in 2002. For five years after the renovation the occupancy rate remained at 72%. In 2003 in the complex was leased. Parkway Properties, Inc., hired by the owners of Park Towers to increase the occupancy rate, contacted

General Electric General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable en ...

.Park Towers Houston, TX
." Parkway Properties, Inc. Retrieved on May 14, 2010. After an 18-month search, in 2004 General Electric announced that GE Energy was moving 300 employees into of space in the Park Towers South building. GE had an option on an additional for expansion. GE stated that it chose the building because of the location, visibility, and the quality of the building. During that year the face rates at Park Towers was about $21 to $24 per square foot. After the GE lease, the south tower was 85% leased and the north tower was 95% leased. During that year other tenants of the Park Towers included Cooper Cameron, NetIQ Corp

Prudential Securities Prudential Securities, also formerly known as Prudential Securities Incorporated (PSI), was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wacho ...

, and SouthTrust Bank. During the same year United HealthCare Services announced that it was taking of space in Park Towers South and moving out of the 2000 West Loop South building across 610. Its move-in date was scheduled as September 1, 2004. Between January 1, 2004 and August 6, 2004 of space was signed into leasing. In addition, in 2004 NetIQ Corp. renewed its lease of of space in the building for 10 years. NetIQ's lease was scheduled to expire in 2005. As of 2010 the buildings are 99% occupied, with the unused space consisting of unusable corridor space and janitor storage closet space. The ''Houston Business Journal'' had occupied space in the Park Towers for a period of over 10 years. In 2012 the newspaper announced that it was moving to 5444 Westheimer Road effective November 5, 2012.Zucker, Shaina.
HBJ to move to new Galleria office space in November
" ''

''. Friday October 12, 2012. Retrieved on October 13, 2012. On January 15, 2016, a renovation, with Ziegler Cooper Architects as the main architect, began.

Tenants

* The Consulate-General of Brazil is in Park Towers North, Suite 1150 * The Consulate General of Russia is in Park Towers South, Suite 1300 - It opened on August 4, 2004. THE HISTORY OF THE CONSULATE GENERAL
." Consulate-General of the Russian Federation in Houston. Accessed October 27, 2008. *

Cadence Bank Cadence Bank is a commercial bank with dual headquarters in Tupelo, Mississippi and Houston, Texas with operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, Texas, and Illinois. In 1876, Raymond Tric ...

headquarters Former tenants: * The ''

'' was in Park Towers North, Suite 1300.Contact Us
" ''

''. Retrieved on October 4, 2010. In 2012 the newspaper announced that it was moving to 5444 Westheimer Road effective November 5, 2012.

Gallery

File:ConsulateBrazilHouston.JPG, Consulate-General of Brazil File:COnsulateRussiaHouston.JPG, Consulate General of Russia

References

External links

Park Towers Houston

Park Towers, Houston
- TMPC Realty Corporation
1233 Park Towers
- Emporis
1333 Park Towers
- Emporis {{coord, 29.7556, -95.4545, type:landmark_region:US-TX, display=title Skyscraper office buildings in Houston