History
Heritage Plaza completed construction around 1986 in early 1987. It was the last major office building completed in downtown Houston in the midst of the collapse of the Texas real estate, banking, and oil industries in the 1980s. The building stood as the most recently completed major skyscraper in Houston for over 10 years, until the completion of 1500 Louisiana Street in 2002.
The building has 1,150,000 square feet (107,000 m2) of lease-able space, of which a vast majority sat vacant until Texaco leased 550,000 square feet (51,000 m2) in 1989. The building went on to serve as the US headquarters of Texaco for 12 years. In 2001, Heritage Plaza became the US headquarters of the ChevronTexaco corporation.
In 2005 Goddard Investment Group acquired the building. During that year over 700,000 square feet (65,000 m2) in the building was unoccupied. In 2006 EOG Resources announced that it will move from 3 Allen Center to Heritage Plaza. The firm had signed a 15-year lease for 200,000 square feet (19,000 m2) and planned to move around 400 employees. The firm, scheduled to move in early 2007, became the largest tenant in the building at the time.
In early 2007, Deloitte & Touche USA L.L.P. executed a lease to occupy 300,000 square feet (28,000 m2) as part of a 12-year, 10-floor lease with options to increase that space, if needed. The new lease consolidated staff from three Houston sites to one downtown location, making Deloitte the largest tenant in Heritage Plaza.
Read more about this topic: Heritage Plaza
Famous quotes containing the word history:
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (1818–1883)
“The history of American politics is littered with bodies of people who took so pure a position that they had no clout at all.”
—Ben C. Bradlee (b. 1921)
“... the history of the race, from infancy through its stages of barbarism, heathenism, civilization, and Christianity, is a process of suffering, as the lower principles of humanity are gradually subjected to the higher.”
—Catherine E. Beecher (1800–1878)