KBR Tower

KBR Tower

The KBR Tower, with the Downtown Houston YMCA ahead
General information
Status Complete
Type Office
Location 601 Jefferson Street, Houston, Texas
Coordinates 29°45′12″N 95°22′20″W / 29.7533°N 95.3723°W / 29.7533; -95.3723Coordinates: 29°45′12″N 95°22′20″W / 29.7533°N 95.3723°W / 29.7533; -95.3723
Completed 1973
Owner Trizec Properties[1]
Management Brookfield Properties
Height
Roof 550 ft (170 m)
Technical details
Floor count 40
Floor area 1,047,744 sq ft (97,339 m2)
Design and construction
Architect Neuhaus & Taylor

KBR Tower (formerly the M. W. Kellogg Tower) is a 550 ft (167.6m) tall skyscraper in Downtown Houston, Texas, United States; it is a part of the Cullen Center complex. The KBR Tower has the headquarters of KBR.[2][3]

The 40 story building has about 1,047,748 square feet (97,339.0 m2) of rentable office space. The design architect was Neuhaus & Taylor, the general contractor was Linbeck Construction Company, the mechanical engineer was Sam P. Wallace, and the structural engineer was Ellisor Engineering, Inc. The building was completed in 1973.[4]

History

By 1991, Dresser Industries and its subsidiary, M. W. Kellogg, switched office buildings. Kellogg took over 400,000 square feet (37,000 m2) of space on 16 floors of the Houston skyscraper formerly occupied by its parent firm. The skyscraper was renamed the M. W. Kellogg Tower. In exchange Dresser took over space at 3 Greenway Plaza, which had been renamed to the Dresser Tower. The building swap satisfied Kellogg's need for more space.[5]

In 1998, Exxon announced that it was forming a new subsidiary, Exxon Upstream Development Co. The company planned to initially house the company in the Kellogg Tower before moving it to the Greenspoint business district.[6]

By 2001, Halliburton owned the tower in a joint venture with TrizecHahn. In August of that year, Halliburton announced that it would consolidate 8,000 local employees to office space in Westchase. Halliburton planned to vacate about 650,000 square feet (60,000 m2) of Class B office space in the Kellogg Tower.[7] In December 2001 Halliburton canceled its plans to relocate employees to Westchase. Nancy Sarnoff of the Houston Business Journal said that it made more sense for the company to lease existing space instead of constructing new office space in times of economic downturns.[8]

In 2004, Jeanneret & Associates renewed its lease of 9,806 square feet (911.0 m2) space in the KBR Tower for 10 years.[9]

In 2009, at the KBR Tower, Brookfield Properties began offering office suites from 1,200 square feet (110 m2) to 2,000 square feet (190 m2) to small businesses and laid off individuals seeking to start their own businesses.[10]

In 2010, KBR signed a 20-year lease for 1,200,000 square feet (110,000 m2) at the KBR Tower and 500 Jefferson. In 2011 Brookfield Properties Corp. offered a 50% interest in the KBR Tower for sale. Paul Layne, Suresh Brookfield's Houston area executive vice president, said that the KBR lease made the building a major candidate for the sale of its interest. KBR owns the other 50% interest. Layne did not state whether KBR had the right of first refusal on Brookfield's interest. Layne said that confidentiality concerns were why he did not reveal the information.[11]

In 2012 an affiliate of W.P. Carey purchased the KBR Tower.[12]

See also

References

  1. ↑ "Cullen Center." Carlin/White Associates. Retrieved on August 23, 2009.
  2. ↑ Eriksen, Helen. "Will KBR ditch its Houston headquarters for Katy suburbia?." Houston Chronicle. April 30, 2008. Retrieved on January 13, 2009.
  3. ↑ "Locations." KBR. Retrieved on January 13, 2009.
  4. ↑ "KBR Tower." Brookfield Properties. Retrieved on August 13, 2009.
  5. ↑ Stuart, Lettice. "REAL ESTATE; A Big Swap Of Offices In Houston." The New York Times. Wednesday May 15, 1991.
  6. ↑ Durgin, Hillary. "Exxon Forms New Houston-Based Company to Focus on Deepwater Projects." Knight Ridder/Tribune Business News. June 3, 1998. Retrieved on November 11, 2009.
  7. ↑ Sarnoff, Nancy. "Halliburton move could create hole in Houston's office market." Houston Business Journal. Friday August 10, 2001. Retrieved on November 11, 2009.
  8. ↑ Sarnoff, Nancy. "Downtown up, Westchase down as Halliburton postpones project." Houston Business Journal. Friday December 21, 2009. Retrieved on November 11, 2009.
  9. ↑ Sarnoff, Nancy. "Cullen Center snags new leases." Houston Business Journal. Wednesday February 18, 2004. Retrieved on November 11, 2009.
  10. ↑ Sarnoff, Nancy. "Developer Thinks Small." Houston Chronicle. February 7, 2009. Retrieved on November 11, 2009.
  11. ↑ "Downtown Houston real estate lures buyers." Houston Business Journal. Friday May 6, 2011. Retrieved on October 15, 2011.
  12. ↑ Feser, Katherine. "Deal of the Week: Building could get a new address." Houston Chronicle. November 21, 2014. Retrieved on February 25, 2015.
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