BP Plaza

BP Plaza
Houston, Texas

Property Address:
201 Helios Way
Houston, TX 77079

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

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

BPG was successful in winning a competition with other leading national developers to joint venture the acquisition of land, financing, and development. During a period just following the real estate "wipeout" in Houston, BPG was successful in developing the first-class project in which BP leased approximately 70%. By completion in 1992, the project was 100% leased. The project was sold in 1994.