June 30, 2017
Motiva Enterprises, a joint U.S.-Saudi energy venture, now has naming rights to One Allen Center at 500 Dallas St. in Houston. The rights are connected to the energy venture’s announced expansion to 204,500 square feet in the more than one million-square-foot building in the CBD.
The lease also encompasses additional spaces that include the lobby reception area, conference center floor and a large, private outdoor patio.
Brookfield Property Partners acquired the three million-square-foot, mixed-use Allen Center in 2006, when it merged with Trizec. BPP has launched a $48.5-million renovation on the complex, which should be completed in late 2017.
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