Lookin' Up

New downtown Hines tower lands major tenant; skyscraper will be called BG GroupPlace

Photo by Ralph Bivins

The 46-story tower under construction in downtown Houston has landed a huge new tenant — the BG Group plc natural gas company — that will give its name to the building.

The new skyscraper, 811 Main Street, will be called BG Group Place.

BG Group will relocate from the Galleria area to the new building in mid-2011, according to the Hines real estate firm, which announced the deal late Monday.

BG Group leased 164,000 square feet in the new building, which will be completed next year. BG Group, one of the largest natural gas companies in the world, has an option to expand their offices in the tower. Houston real estate experts speculated that BG Group may expand to as much as 300,000 square feet of space.

The one million square-foot building will house as BG Group’s headquarters for its activities in the United States. Pickard Chilton, a New Haven, Conn.-based architecture firm led by Jon Pickard, designed the new building, which has been constructed with the working name of Main Place.

The building is owned by the HC Green Development Fund, a partnership of the California Public Employees’ Retirement System (CalPERS) and Hines, the Houston-based developer.

Jim Bailey, Joe Peddie and Tim Relyea of Cushman & Wakefield and Glenn Pinkerton of Vinson & Elkins represented BG Group in the deal. Chrissy Wilson and Stewart Robinson represented Hines.

KPMG, the accounting firm, previously leased 100,000 square feet in the new project. Hines has developed 23 projects totaling 17 million square feet in downtown Houston.

Ralph Bivins, former president of the National Association of Real Estate Editors, is editor-in-chief of RealtyNewsReport.com.

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spacious memorial mansion

Striking French-inspired Houston estate hits market for $12.5 million

TK Images for Martha Turner Sotheby’s International Realty

412 Timberwilde Lane sits on more than two acres in Hunters Creek Village and is on the market for $12.5 million

A magnificent estate awaits in one of Houston’s most desirable neighborhoods. 412 Timberwilde Lane is a stunning brick and limestone home, inspired by French country manor houses. It’s on the market for $12.5 million and represented by Jay Monroe and Stephen Warrell ofMartha Turner Sotheby’s International Realty

Nestled on nearly 2.5 acres of meticulously manicured grounds in exclusive Hunters Creek Village, this home blends old world elegance with modern amenities, including 24/7 private security. The grand foyer’s soaring ceiling sets the tone upon entry, announcing that 412 Timberwilde Lane is something special.

Consider the formal library, with its rich, paneled walls and cross-beam ceiling, and the spacious dining room with its cozy fireplace. The living room offers breathtaking views of the rear gardens, pool, cabana, and tennis courts. Just off the kitchen, a light-filled breakfast room is a perfect place for morning coffee and admiring the grounds.

The primary suite is the embodiment of luxury, with dual bathrooms and ample closet space, ensuring comfort and convenience. This private oasis is a place to unwind and relax.

The home’s second floor offers a floor plan that can be tailored to suit any lifestyle. The bedrooms are generously sized with large closets and private baths. A playroom with a built-in playhouse castle makes for a perfect spot for kids’ imaginations to run wild. Other rooms could be utilized for a second home office, exercise room, yoga retreat, crafting space, or whatever else a family might need.

The third floor offers a game room featuring a wet bar, billiards area, and a big-screen TV, making it the ultimate place to relax and have fun with family and friends. The outdoor areas include an in-ground pool and summer kitchen, perfect places.

This one-of-a-kind estate offers an array of amenities for living and entertaining. Its location is both convenient to the city and a restful retreat.

Photo by TK Images for Martha Turner Sotheby’s International Realty

412 Timberwilde Lane sits on more than two acres in Hunters Creek Village and is on the market for $12.5 million.

home-for-sale

Lookin' Up

New downtown Hines tower lands major tenant; skyscraper will be called BG GroupPlace

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spacious memorial mansion

Striking French-inspired Houston estate hits market for $12.5 million

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