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Fulbright Tower

Skyscraper in Houston, Texas

Field	Value
name	Fulbright Tower
image	Fulbright Tower.jpg
image_size	200px
address	1301 McKinney Avenue
location_town	Houston, Texas
location_country	United States
coordinates
completion_date
roof	725 ft
top_floor	679 ft
floor_count	51
floor_area	1,483,988 ft2
architect	Caudill Rowlett Scott
structural_engineer	Walter P. Moore

The Fulbright Tower is a 51-story office skyscraper originally known as 3 Houston Center. A part of the downtown Houston Center complex in Houston, Texas, United States, the tower contains 1247061 sqft of Class A office space. The lower seven levels were designed to support four trading floors for commodities such as electricity and natural gas.

The building was previously owned by ChevronTexaco. As of 2005, Crescent owned the tower in a joint venture with affiliates of GE Asset Management and J.P. Morgan Asset Management.

In October 2023, NRG Energy announced plans to relocate its corporate headquarters to the Fulbright Tower, leasing approximately 245000 sqft across the top ten floors. NRG is undertaking a major renovation of the space, with occupancy planned for 2025.

Norton Rose Fulbright previously maintained its Houston office in the tower before relocating in 2023.

History

Construction on the tower was scheduled to begin in November 1980. The building was built in 1982. The tower property was developed in 1985. Fulbright & Jaworski 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. Fulbright & Jaworski renegotiated and extended its lease in 2003 and retained the possibility of naming rights; as of 2005, the firm occupies 350000 sqft 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 in Downtown Houston. Fulbright & Jaworski 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 still occupied three floors at the Fulbright Tower. In 2009 Conway MacKenzie leased 4619 sqft at the Fulbright Tower. Brookfield Properties, 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.

Tenants

NRG Energy
Norton Rose Fulbright
Key Energy Services
Office of the Comptroller of the Currency

References

(1980-09-21). "Office Tower Rising in Downtown Houston". [[Los Angeles Times]].
"[http://goliath.ecnext.com/coms2/gi_0199-4160859/Crescent-Announces-First-Quarter-2005.html Crescent Announces First Quarter 2005 Results]" ''[[Business Wire]]''. May 5, 2005. Retrieved November 11, 2009.
(2013). "Fulbright Tower 1500 Louisiana Houston, TX". TheSquareFoot.
Sarnoff, Nancy. (2005-03-30). "Building becomes Fulbright Tower".
(2024-10-24). "NRG Upgrading Future HQ for 2026 Move".
(2023-10-11). "Michael Kuhn Negotiates Lease to Bring NRG Headquarters to 3 Houston Center".
"NRG Energy Houston Headquarters – Kirksey Architecture Project Portfolio".
"NRG Energy Houston Headquarters – Kirksey Architecture".
"[http://www.accessmylibrary.com/coms2/summary_0286-18299902_ITM 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.
Dawson, Jennifer. (2006-03-05). "Chevron ends space odyssey with landmark lease".
(2009-03-02). "Commercial real estate".
Pulsinelli, Olivia. (2022-03-22). "Brookfield Properties to start final phase of Houston Center campus upgrades".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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