FOR IMMEDIATE RELEASE
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.
About PM Realty Group
Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com