posted on July 25, 2011 22:13
Chevron Corp. is expected to seal the deal today for an office tower in downtown Houston from Brookfield Office Properties, the Houston Chronicle reported.
The financial terms were not disclosed, but as HBJ mentioned last month, reports have the price pegged at around $380 million, which would set a Houston office building sales record.
The 50-story, 1.3 million-square-foot tower located at 1400 Smith is the former Enron building. Chevron (NYSE: CVX) already owns the other former Enron building at 1500 Louisiana.
The San Ramon, Calif.-based oil giant currently leases the entire building.
6/23/11, Houston Business Journal