Bank One Center (Houston)
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919 Milam, formerly known as the Bank One Center and the Bank of the Southwest Building, is a building in Downtown Houston, Texas. The United States District Court for the Southern District of Texas has its offices in the building.[1]
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History
The 24 story, 735,000-square-foot (68,300 m2) building, built in 1956, was previously known as the Bank of the Southwest Building.[2] In June 1995 the building was sold.[3] In the northern hemisphere summer of 1996, the owners of the Bank One Plaza released Koll Real Estate from its management contract and hired PM Realty to manage the building.[4] In 1998 the building was 90% leased with the headquarters of PM Realty, Bank One, and the U.S. attorney's office as major tenants. Transworld Oil and its subsidiary, Transworld Properties, occupied the top two floors in 1998. Transworld Properties, which owned the building, sold it to Lincoln/-Whitehall for about $68 million during that year.[2]
The Hines company owned 919 Milam as part of a joint venture with the California Public Employees' Retirement System for a period of less than two years prior to 2007. In 2007 Transwestern bought 919 Milam. During that year 919 Milam was 77.5% leased. During that year its largest tenants were the Coronado Club, the district attorney's office, and Johnson, Spalding, Doyle, West & Trent, a law firm.[5] In 2010 the building went back to its lender through a deed, as opposed to being foreclosed.[6]
Retail
Becks Prime, a locally-based gourmet hamburger restaurant chain, has a location under the former Bank One Center that is within the Houston tunnel system.[7]
References
- ^ "FR Doc E9-24240." Federal Register at U.S. Government Printing Office. October 8, 2009. Volume 74, Number 194. Retrieved on March 31, 2010.
- ^ a b Bivins, Ralph. "Downtown Houston's Bank One Center sold." Houston Chronicle. Thursday November 12, 1998. Business 2. Retrieved on March 31, 2010.
- ^ Stromberg, Laura A. "Arena Towers find buyer." Houston Business Journal. Friday July 25, 1997. Retrieved on April 24, 2010.
- ^ Rutledge, Tanya. "http://www.bizjournals.com/houston/stories/1996/09/16/newscolumn2.html." Houston Business Journal. Friday September 13, 1996. Retrieved on April 7, 2010.
- ^ Sarnoff, Nancy. "919 Milam property purchased." Houston Chronicle. August 30, 2007. Retrieved on March 31, 2010.
- ^ Sarnoff, Nancy. "Downtown building goes back to lender." Houston Chronicle. April 22, 2010. Retrieved on May 3, 2010.
- ^ "Downtown." Becks Prime. Retrieved on March 31, 2010.
External links
- [1] Bank One Center - Houston
