EOG Signs Huge Lease in Downtown Houston

HOUSTON – (Realty News Report) —EOG Resources, one of the largest crude oil and natural gas exploration and production companies in the United States, has extended its 375,000-SF lease at Heritage Plaza, a distinctive landmark in downtown Houston.

An unmistakable standout in Houston skyline photos, the Class A office tower is located at 1111 Bagby Street on the western side of downtown Houston.

“We have cultivated and maintained a strong relationship with EOG Resources, Inc. over the course of their tenancy, and we value their commitment to Heritage Plaza,” said William Holliday, Vice President of Asset Management at Brookfield Properties, which owns the building. “EOG was an integral partner as we worked to completely reimagine this iconic downtown Houston asset. We look forward to continuing to have a thriving relationship with EOG.”

Under the terms of the agreement, EOG will lease approximately 375,000 square feet of contiguous space in the office tower. EOG has been based at the 1.1 million-SF Heritage Plaza since 2007.

Heritage Plaza was completed in 1987 at the tail-end of a construction surge that began around 1980. (A broader view of Houston’s construction boom of the 1980s is detailed in Houston 2020: America’s Boom Town, a new book by Ralph Bivins.)

Heritage Plaza features a distinctive stepped top which was inspired by Mayan temples. M. Nasr & Partners was the architect. Construction began in 1984, when the Houston office market was awash in space and beginning to bulge with gross oversupply.

The 52-story Heritage Plaza has been redeveloped by Brookfield Properties in recent years.

In 2019, Kirksey Architecture, the designer the renovations, said the exterior was receiving a “reconceptualizing of the arrival experience with new exterior glass curtain wall at the corner of Dallas and Brazos Streets.”

A social stair anchors the space and serves as an alternative environment for working or socializing. The exterior plaza also features landscaping and artificial turf, which can be used for outdoor fitness activities, as well as new seating areas.

A skybridge provides a connection from the building to the C. Baldwin hotel and Allen Center campus where tenants can enjoy food and beverage offerings including Guard and Grace, Rosalie Italian Soul, Mendocino Farms and a variety of tunnel level eateries in The Court.

Heritage Plaza has achieved LEED ED O&M Gold certification, Energy Star certification and is WELL Health-Safety ratedby the International WELL Building Institute.

Brookfield has undertaken significant renovations of its downtown holdings, include a major redo at Houston Center.

Sept. 21, 2022 Realty News Report Copyright 2022

File: EOG Signs Huge Lease in Downtown Houston

Photo: Skyworks Photography


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