PARK TOWERS, Houston
Park Towers is comprised of two twin office towers located at the Northeast corner of Interstate 610 and Post Oak Boulevard in the Galleria/West Loop Office Sub-Market in Houston. Each 18-story office tower contains 272,621 rentable square feet with 22,250 square-foot floor-plates. The total rentable square feet for both towers is 545,242. The buildings are currently 99% occupied, with the only vacant space being unusable corridor space and/or janitorial storage closet space. Constructed during 1972-1973, Park Towers was developed as a state-of-the-art asset on Interstate 610, one of the first significant freeways developed in Houston. This traffic artery provides 360 degree access to all sections of Houston. Numerous Houston landmark companies including Tenneco, Halliburton, and Philadelphia Life, have each called the original Park Towers their home at one point.
In January 2008, TPMC established a joint venture with a global insurance company to purchase Park Towers and Innova. As part of the joint venture, TPMC retained the management of Park Towers and is the decision making member of the joint venture.
Park Towers’ tenant base includes several credit tenants including General Electric, Net IQ, Cameron International, United Healthcare, Prudential Insurance Company of America, Administaff and others.