{"id":1004742986,"date":"2025-01-14T00:09:07","date_gmt":"2025-01-14T08:09:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004742986"},"modified":"2025-01-14T05:04:45","modified_gmt":"2025-01-14T13:04:45","slug":"brookfield-lands-260-ksf-lease-renewal-at-houston-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-260-ksf-lease-renewal-at-houston-campus\/","title":{"rendered":"Brookfield Lands 260 KSF Renewal at Houston Campus"},"content":{"rendered":"
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\"Interior<\/a>
The Allen Center campus went through a renovation process completed in 2021, which included an upgraded lobby. Image by Peter Molick, courtesy of Brookfield Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n

Energy company Plains Marketing LP has extended its 259,774-square-foot lease at Brookfield Properties\u2019 Allen Center office campus in Houston. The tenant has been occupying space at the 1.2 million-square-foot Three Allen Center building since 1992 and its new commitment will last through 2036.<\/p>\n\n\n\n

The owner had in-house representation together with CBRE, while Cushman & Wakefield assisted Plains Marketing in the negotiations.<\/p>\n\n\n\n

Allen Center’s tenant roster includes Guard and Grace, Mendocino Farms, Talos Energy, Freeport LNG and Castex Energy, among others, according to CommercialEdge.<\/p>\n\n\n\n

Located at 500 Dallas St., 1200 Smith St. and 333 Clay St., the property is in Houston’s central business district<\/a>. Allen Center has access to Interstate 45 and is 20 miles south from the George Bush Intercontinental Airport.<\/p>\n\n\n\n

A renovated campus<\/h2>\n\n\n\n

The 3.2 million-square-foot Allen Center has been under Brookfield Properties ownership since 1996. The company had acquired the three-building asset from MetLife Real Estate Investment, CommercialEdge shows.<\/p>\n\n\n\n

Completed between 1972 and 1980, the property underwent renovations finalized in 2021, which included an upgrade of the lobby and common areas, as well as its connections to the outdoor green spaces. Among its amenities is a tenant-only suite dedicated to breastfeeding mothers, as well as a wellness studio. The Allen Center received the LEED Gold and Energy Star certifications.<\/p>\n\n\n\n

Cushman & Wakefield Vice Chairmen Trey Strake and Chris Oliver, together with Executive Managing Director David Guion, worked on behalf of the tenant. Brookfield Properties Vice President Tyler Merritt, alongside CBRE Executive Vice President Bubba Harkins, Senior Vice President Kristen Rabel and Senior Associate Jenny Sealy, represented the ownership in the lease negotiations.<\/p>\n","protected":false},"excerpt":{"rendered":"

The tenant made its first commitment at the property in 1992.<\/p>\n","protected":false},"author":3619,"featured_media":1004743099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1589,21742,21747,51973],"tags":[33497,32789,32799,32779],"class_list":["post-1004742986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-houston","category-latest","category-office","category-southwest","tag-brookfield-properties","tag-cbre","tag-cushman-wakefield","tag-leed"],"acf":[],"yoast_head":"\nBrookfield Lands 260 KSF Renewal at Houston Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Plains Marketing, L.P. extended its 259,774-square-foot lease at Brookfield Properties\u2019 Three Allen Center in Houston, until 2036.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-260-ksf-lease-renewal-at-houston-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brookfield Lands 260 KSF Renewal at Houston Campus\" \/>\n<meta property=\"og:description\" content=\"Plains Marketing, L.P. extended its 259,774-square-foot lease at Brookfield Properties\u2019 Three Allen Center in Houston, until 2036.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-260-ksf-lease-renewal-at-houston-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-14T08:09:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-14T13:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Three-Allen-Center-lobby-second-floor-1-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"5423\" \/>\n\t<meta property=\"og:image:height\" content=\"4067\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-260-ksf-lease-renewal-at-houston-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/brookfield-lands-260-ksf-lease-renewal-at-houston-campus\/\",\"name\":\"Brookfield Lands 260 KSF Renewal at Houston Campus - 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