Aug 20, 2010
SHELL OIL COMPANY SIGNS NEW LEASE AGREEMENT FOR 1000 MAIN STREET
HOUSTON, TX - PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the company has brokered a lease agreement with Shell Oil Company for approximately 300,000 square feet of space at RRI Energy Plaza, located at 1000 Main Street in downtown Houston's premier Main Street Square.
In approximately 16 months, Houston-based staff working in Two Houston Center will move their Houston offices to 1000 Main Street. The building name will revert back to its original name, 1000 Main Street.
"RRI Energy Plaza has a history of being home to many well-known Houston companies," said Wade Bowlin, executive vice president and managing director. "The owner is pleased to add a global company such as Shell to its tenant roster."
Owned by KanAm Grund, an international investment company for open ended real estate funds, RRI Energy Plaza (1000 Main Street) is a 36-floor multi-tenant office tower encompassing 837,161 square feet and consumes a full city block in the epicenter of downtown Houston. Completed in 2003, the property features arching fountains, direct access to Metro bus and rail lines, the premier tunnel with numerous restaurants and shopping options, on-site parking and full service banking facilities.
Wade Bowlin, executive vice president and managing director, and Doug Little, executive vice president and managing director of the central region, of PMRG represented the building owner, KanAm Grund, in the transaction. RRI was represented by Andy Spence and Scott Wegman with Cushman & Wakefield. Shell was represented by Tim Relyea and Joe Peddie of Cushman & Wakefield.
PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.