Barker Pacific Group

BP Plaza - Houston, Texas

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Scope

590,000 square-foot, 20-level office building, built-to-suit with 400-seat cafeteria, 1,700-space parking garage.

Challenge / Description

British Petroleum (BP) was seeking a new Houston headquarters and sought to partner with a major developer.

Solution

BPG was successful in winning a competition amongst other leading national developers to join venture the acquisition of land, financing, and development.

During a period just following the real estate "wipeout" in Houston, BPG was successful in developing a first-class project in which BP leased approximately 70%. By completion in 1992, the project was 100% leased.

Architect: Richard Keating - Keating Mann Jernigan Rottet

Developed

1990-1992

Completed

July 1992. The project was sold in 1993.

Partners

Barker Pacific Group, USAA, and British Petroleum

Financing
Privately placed

Major tenants

  • BP Exploration
  • Norcen Explorer
  • Air BP