Address
711 Louisiana (South Tower)
700 Milam (North Tower)
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Quick Facts
Building
Class “A” office property, two (2) thirty-six (36) story towers, totaling 1,409,713 RSF
Location
Houston CBD (downtown) submarket
Year Built
1975
Architect
Philip Johnson
Common Area Factor
Approximately 15.0% (multi-tenant floors) / 9.0% (single-tenant floors)
Floor Size
Approximately 20,500 RSF
Lease Rate, Lease Term, & Leasehold Improvement Allowance
Negotiable
Operating Expenses
Estimated 2024 Operating Expenses of $15.52 per net rentable square foot.
Parking
Pennzoil Place garage allows up to 0.3 spaces per 1,000 square feet. Leased parking available below the building comprised of 525 spaces. Unreserved $235.00 / Reserved $299.00, plus taxes.
Up to 1.5 spaces per 1000 square feet leased. This parking is available at the Walker @ Main garage with tunnel access to the building. Unreserved $215.00 / Reserved $280.00, plus taxes.
Destination Dispatch Elevators
North Tower: 18 passenger / 1 freight
South Tower: 18 passenger / 1 freight
State-of-the-Art Technology Backbone
Pennzoil Place is proud to be the first office building in Houston to utilize a fiber optic backbone for IT communication utilizing Cisco’s "Smart+Connected" buildings framework which enhances data/communications, physical security and building automation capabilities. This allows for better tenant comfort, quicker response times and ability to achieve the highest energy efficiency possible.
Sustainability
Partnering with the U.S. DEPARTMENT OF ENERGY, The White House for the BETTER BUILDINGS CHALLENGE.
Capital Investment
Since 2009, over $16 million of capital investment to renew building system and its infastructure
Lighting Retrofit Project
A total building retrofit of the bulbs and ballasts resulting in substantial energy savings.
Building Automation System Upgrade
The new system is a state of the art digitally controlled building automation system. The system provides for off-site monitoring and control and it alerts the building operators when the system deviates from predetermined operational ranges.
Fire Alarm System Upgrade
The new fully addressable system expands and improves the fire and life safety coverage of the building as to responsiveness and accuracy, further complimented by the ability to self diagnose.
Escalator Replacement
Original escalators have been replaced with the most modern of equipment for superior performance and efficiency.
Fiber Backbone Installation
Pennzoil Place is proud to be the first office building in Houston to utilize a fiber optic backbone for IT communication utilizing Cisco’s “Smart+Connected” buildings framework which enhances data/communications, physical security and building automation capabilities. This allows for better tenant comfort, quicker response times and ability to achieve the highest energy efficiency possible.
New Building Access System
The new access system provides first-class controlled access to the property while offering tenants more options in securing their premises and operating after-hours HVAC.
New Garage Entry System
The new entry system provides superior controlled access to the garage and improved communication with the lobby security desk.
Chiller Replacements
The chillers have been replaced by three new Trane 1,550 ton chillers and one 1,500 ton chiller with variable speed drives. These chillers are among the most efficient in the market and reduce operating costs and repair expenses.
Elevator Cabs
The elevator cab interiors have been upgraded to provide a modern Class “A” elevator travel experience.
Boiler Replacement
Original boilers were replaced with six modular condensing boilers. New pumps and motors along with variable frequency drives on the primary and secondary loops provide much tighter and efficient control over the property’s heating system, leading to significant energy savings.
History
Completed in 1975, Pennzoil Place consists of two 36-story trapezoidal towers of dark bronze glass and aluminum, which are separated by a ten-foot-wide spatial void and connected by a 115-foot-high, glass atrium. The architectural design was the creation of Philip Johnson. In formulating the design, Philip Johnson responded to directives from J. Hugh Liedtke, Chairman of the Pennzoil Company for a building that was dignified in appearance but not box-shaped. Gerald D. Hines Interests, the developer, wanted a building that could provide a distinctive identity for more than one major tenant. Therefore the idea for two buildings rather than one was born and imposed upon them reflective symmetry and a 45-degree geometry; making it considered significant in architectural circles for breaking the modernist glass box made popular by followers of Ludwig Mies van der Rohe and for introducing the era of postmodernism.
Pennzoil Place was named "Building of the Year" in 1975 by famed New York Times architecture critic Ada Louise Huxtable due to the dramatic sculptural silhouette it added to the Houston skyline. And as the ownership has invested heavily in the future, the building continues to garner awards. Pennzoil Place won the 2014 Digie Award for the "Most Intelligent Office Building" 2015 TOBY and was recently announced as a finalist in Houston's Urban Land Institute's Eighth Annual Development of Distinction Awards.
Hours of Operation
Normal hours of building entry to Pennzoil Place are 6:00am to 6:00pm Monday-Friday. Afterhours, tenants may access the building and their leased premises by the use of their building access cards, which are issued to each tenant employee by the Management Office. JLL contracts with a professional and licensed security service, which provides security 24 hours per day, 365 days per year.
Pennzoil Place will be officially closed on the following holidays:
| New Year’s Day | Good Friday |
| Memorial Day | Independence Day |
| Labor Day | Thanksgiving Day |
| Day after Thanksgiving | Christmas Day |
Should you require any routine cleaning, heating, ventilation, air conditioning or other special services on any of the above holidays, please contact the Management Office. Given that the building staff and contractors also observe these holidays, you will be charged for any building services on holidays. We will be glad to provide you with an estimate for any of the above services. On the occasion where one of the above holidays falls on a weekend, the building may be closed the weekday immediately prior to or following the holiday, based on the operating policies of the Management Team.