Fulbright Tower

The Fulbright Tower is a 52-story office skyscraper originally known as 3 Houston Center.[1] A part of the downtown Houston Center complex, the tower has 1,247,061 square feet (115,855.8 m2) of Class A office space.[2] The bottom seven levels were designed for four trading floors for commodities like electricity and natural gas.[3] 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.[4] Norton Rose Fulbright has its Houston office located in the Fulbright Tower, in Suite 5100.[5]

Fulbright Tower
General information
Location1301 McKinney Avenue
Houston, Texas
Coordinates29.75556°N 95.36169°W / 29.75556; -95.36169
Completed1982 (1982)
Height
Roof725 ft (221 m)
Top floor679 ft (207 m)
Technical details
Floor count52
Floor area1,483,988 sq ft (137,867.0 m2)
Design and construction
ArchitectCaudill Rowlett Scott
Structural engineerWalter P. Moore

History

Construction on the tower was scheduled to begin in November 1980.[1] The building was built in 1982.[6] 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 350,000 square feet (33,000 m2) of space.[4] 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.[2] In 2004, ChevronTexaco sold the building to Crescent. During that year the tower was 49% occupied.[6] By March 2005, ChevronTexaco planned to move its operations out of the tower after buying 1500 Louisiana Street 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.[4] In 2006, Chevron Corporation still occupied three floors at the Fulbright Tower.[7] In 2009 Conway MacKenzie leased 4,619 square feet (429.1 m2) at the Fulbright Tower.[8]

Tenants
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See also

References
  1. "Office Tower Rising in Downtown Houston." Los Angeles Times. September 21, 1980. Section Part VII, G42. Retrieved on November 11, 2009.
  2. "Crescent Announces First Quarter 2005 Results." Business Wire. May 5, 2005. Retrieved on November 11, 2009.
  3. "Fulbright Tower 1500 Louisiana Houston, TX". TheSquareFoot. 2013. Retrieved 1 September 2013.
  4. 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.
  5. "." Norton Rose Fulbright. Retrieved on March 27, 2012. "Houston Fulbright Tower 1301 McKinney Suite 5100 Houston, TX 77010-3095"
  6. "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.
  7. Dawson, Jennifer. "Chevron ends space odyssey with landmark lease." Houston Business Journal. Friday March 3, 2006. Retrieved on November 11, 2009.
  8. "Commercial real estate." Houston Chronicle. February 27, 2009. Retrieved on November 11, 2009.
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