HOUSTON, TX — M-M Properties today announces Marathon Oil Tower is about to begin construction on an extensive renovation that will significantly transform and reposition the building. The 1.2 million-square-foot, 41-story office tower is located at 5555 San Felipe in Houston’s Uptown Galleria submarket.
Page Architects was engaged to design three levels of new and enhanced amenities, as well as a transformed arrival experience and courtyard. The amenities underway include a new freestanding, chef-driven restaurant with an engaging outdoor space and a new food hall style café on the ground level. New common areas include a hospitality-inspired two-story lobby offering abundant natural light and multiple touchpoints with collaborative seating, coworking space, Wi-Fi and a state-of-the-art media wall designed by building tenant Cyviz. All tenants will have access to a spa-styled fitness center featuring health and wellness activities for group or self-paced programs.
M-M Properties acquired the office tower in 2018 with a vision of rebuilding the tenant experience from the ground up. “The renovation addresses evolving tenant expectations for amenities suited to the social nature of today’s workforce,” said Ken Moczulski, CEO of M-M Properties. Creative employers require environments that strike a balance between workspace and hospitality. To respond to that demand we employ design thinking on every project we own to align the amenities, programming, aesthetic and services we provide.”.
One of the strengths of this project is its convenient location on the western periphery of Houston’s most desirable and truly live/work/play submarkets,” added John Spafford, EVP and Director of Leasing in Houston for Madison Marquette. “The building is perfectly positioned for access to Uptown’s business and amenity base but removed from the traffic of Galleria’s most congested corridors: Post Oak and Westheimer. Its location in the softer, greener and safer area of the submarket is most accessible to Houston’s best residential neighborhoods and talent centers.” Spafford and colleague Madeline Gregory are responsible for leasing services on behalf of the landlord.
Originally developed in 1983 as the headquarters for Marathon Oil Company, the property received Gold certification by the U.S. Green Building Council in the Leadership in Energy and Environmental Design (LEED) for Existing Buildings: Operations & Maintenance Green Building Rating System.
Renderings of Marathon Oil Tower’s renovations are available here.
About M-M Properties
M-M Properties is a privately held real estate investment firm that seeks to provide exceptional risk-adjusted returns to its investors through superior execution of carefully developed strategies. Its senior management team has worked together for tenures ranging from 7 to 17 years through several firms. Leadership has deep experience throughout real estate market cycles and multiple project phases including acquisition, disposition, recapitalization, development, investment and property management across a broad range of property types and within all major U.S. markets. The company or its principals have engaged in real estate investment activities on behalf of investors, partners or for its own account across a portfolio of assets that has included over 29 million square feet of office projects and almost 17,000 multifamily units with a cumulative transaction volume of approximately $8.5 billion. For additional information, visit www.mmprop.com.
About Madison Marquette
Madison Marquette is a leading private real estate investment manager, service provider, developer and operator, headquartered in Washington, D.C. Founded in 1992, the company’s reputation is built on the successful development, repositioning and redevelopment of landmark mixed-use assets in major and emerging high-growth markets throughout the United States. Madison Marquette partners with global, institutional and private investors to achieve industry-leading investment performance across asset classes -- including mixed-use, retail, office, medical, industrial, senior living and multi-family. As a full-service real estate provider, the company delivers integrated leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. Madison Marquette has over 600 professionals providing nationwide service from 13 regional markets and is a member of the Capital Guidance group of companies. For additional information, visit www.madisonmarquette.com.