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CB
Richard Ellis is the leading commercial real estate provider
worldwide. We provide a complete spectrum of commercial real
estate services with office leasing representing one of the largest segments of
our brokerage activity.
With extensive transaction experience on behalf of property owners, the
company's leasing agents also demonstrate sensitivity to, and cooperation with,
the brokerage community. |
For
further infomation, please contact:
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| Transwestern,
one of the largest privately held commercial real estate firms in
the U.S., is focused on creating value for our clients in each
local market we serve. Transwestern’s unique business model offers fully
integrated real estate services and operates through six distinct functional
lines of business: development, tenant advisory, investment services,
agency leasing, property management and research for a broad range of property
types including office, industrial, retail, healthcare and multifamily. For
more information on Transwestern, please visit transwestern.net. |
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Marathon Oil Tower Ownership
Marathon Oil Tower, a 1,100,000 sq. ft., Class A commercial
office building located at 5555 San Filipe, Houston, Texas, is owned by Tower
Associates, a limited partnership managed and controlled by Hanover Real Estate
Partners ("Hanover"). The property was acquired in 1983 and has served as
the corporate headquarters for Marathon Oil Company. Marathon Oil Company
occupies approximately 60% of the building with the remaining space leased to
various institutional quality tenants. Hanover has engaged the local
offices of Transwestern and CBRE to assist with the management and leasing,
respectively. Under the guidance and direction of Hanover, Tower
Associates is committed to ensuring that the property maintains its status as
one of the premier Class A office buildings in Houston. In
recognition of the building’s premier status, the Marathon Oil Tower was
awarded the 2006 national office building of the year by BOMA in the over
1,000,000 sq ft. category.
Hanover Real Estate Partners
Hanover Real Estate Partners, a Greenwich,
Connecticut based real estate investment company, is responsible for the
ownership and management of the Marathon Oil Tower. Hanover is
responsible for all facets of the property, including managing, leasing and
maintaining the property’s standing as one of the premier Class A office
buildings in Houston. Hanover, working in concert with Transwestern, has
implemented and will be implementing several major capital improvement projects
all geared towards making the property the number one choice for institutional
quality Class A office tenants.
Hanover is a privately held real estate
investment company that owns, manages and invests for itself and its investors
in commercial real estate located throughout the United States. Hanover
has business expertise in all aspects of real estate, including investment and
ownership, asset management, financial advisory, and mortgage banking.
Hanover’s principals have extensive experience as owners, operators,
developers, and managers of a significant national real estate portfolio.
A major part of this experience was devoted to acquiring and repositioning
distressed and under performing real estate assets, including offices, golf
courses, resorts, hotels, industrial, R&D, warehouse, retail and
residential development properties.
Hanover currently owns and manages real estate with combined
investor equity of approximately $120 million and a market value in excess of
$650 million. Hanover has institutional grade real estate properties
containing an aggregate of 2.4 million square feet of office, retail and
industrial space.
The following is a sample of a few select Hanover transactions:
| Marathon
Oil Tower – Houston, Texas a Class A, 41 story office building
comprising 1,100,000 sq. ft. of office space with a 61,000 sq. ft. of
conference / meeting space, a cafeteria and a 13-level parking garage
Frost National Bank Buildings – San Antonio,
Texas
The Colonial Building - a 4-story office building totaling 64,721 sq.
ft.
The Citizens Building - a 2-story office building totaling 61,619 sq. ft.
Kmart Department Store – Cheboygan, Michigan a 100,168 sq. ft. K-Mart department store
West Corp. Call Center Building – Niles,
Ohio a 81,550 sq. ft. retail space used as a call center
Buena Vista Palace – Orlando, Florida a 1,114 room, four-star official Walt Disney World Hotel with 94,000 sq. ft. of
meeting and convention space, 12,000 sq. ft. of retail shops and a 5,000 sq.
ft. spa
Steele Canyon Estates Golf & Country
Club – San Diego, California a 500 acre planned community with 158
custom-built homes and 3 Gary Player designed 9-hole golf courses
Bank of the West Office Building – Concord,
California a 3-story, 55,000 sq. ft office building 100% net
leased to the Bank of the West |
Spanish
Hills Golf & Country Club – Camarillo, California a private
country club, an 18-hole Robert Cupp designed championship golf course, 7
tennis courts and 140 acres of land
Millroc Hospitality – Hampton Inn - North Conway, New Hampshire a 100 room Hampton Inn & Suites Hotel by Hilton. (under construction)
401 Miles of Cars Office Building – National
City, California
a 3-story, 192,000 sq. ft. office building net leased to Wells Fargo
Bank
Countrywide Call Center – Rosemead,
California a 4-story, 250,000 sq. ft. office building net leased
to Countrywide Mortgage
Wells Fargo Bank Branch – Rancho Bernardo,
California
a 6,500 sq. ft. bank branch net leased to Wells Fargo Bank
Burger King Restaurant – Del Mar, California a 6,200 sq. ft. building net leased to Wells Fargo Bank that is subleased to a
Burger King Franchisee
Pacific State Bank Building – Stockton,
California
a 7-story, 92,000 sq. ft. office building net leased to Wells Fargo
Bank |
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