Houston Center - 5 Houston Center

5 Houston Center

5 Houston Center, a 27 story 580,875 square feet (53,965.1 m2) tower, has Class A Office space. Each floor of the tower has 29,000 square feet (2,700 m2) of space. When the building opened, every floor had broadband internet capability. The tower was worth $117 million in 2002. At one time Halliburton had its world headquarters in 5 Houston Center.

In 2000 Ernst & Young signed a 10 year lease for about 127,000 square feet (11,800 m2) of space in the building. Crescent waited for another lease agreement before finalizing plans to build the tower. Construction began on November 2000. The tower, opened ahead of schedule in September 2002, was the first multi-tenant development in Downtown Houston completed since 1986. When it opened it was 88% leased. The building opened with an eight level parking garage inside. The garage, with a ratio of 2.2 cars per 1,000 square feet (93 m2), had the highest car to square foot ratio of any garage in Downtown Houston in 2002. In 2003 5 Houston Center was 92 percent leased. When the tower opened, Ernst & Young U.S. LLP became the largest tenant in the building. Ernst & Young moved its employees and operations to 5 Houston Center from 1 Houston Center.

Halliburton, which signed its lease to occupy a portion of 5 Houston Center in 2002, moved its headquarters there by July 2003. Halliburton occupied 26,000 square feet (2,400 m2) of space on the 24th Floor in 5 Houston Center. The occupancy rate at 5 Houston Center became 80% after Halliburton signed the lease agreement. In addition Jackson Walker, a law firm, moved into 5 Houston Center by 2003. Halliburton planned to move its headquarters to another site in Houston by 2012. By 2009 the Halliburton headquarters had moved.