Enbridge occupies 95% of floors 25 through 36 in the 55-storyCBD tower also known as Enterprise Plaza. D. Kyle Kelley, seniorvice president with CB Richard Ellis in Houston, says the leaseadds floors 23 and 24 to Enbridge's operations. Forest Oil Corp.,which currently has the space, is consolidating operations on fewerfloors, allowing Enbridge to take over the two floors later thisyear.


"The building is very full, but this worked out very well forthem," says Kelley, who worked with CBRE's executive vice presidentCharles Gordon and vice president Lance McCarthy on behalf of thetenant. Houston-based Hines leases and manages the asset for EPCOInc., which has its headquarters in roughly 300,000 sf of themulti-tenant building.


Kelley tells GlobeSt.com that Enbridge's growth has spurred itsmanagement to examine relocation possibilities, includingunder-construction office buildings in the CBD. The lease didn'texpire until 2010 when the first of the buildings was set to comeon line so Kelley says the option was doable. "The economics wewere able to secure for the space at 1100 Louisiana made it an easydecision to stay," he adds. According to Hines' website, net leasequotes range from $18 per sf to $22 per sf.


Through a predecessor company, Midcoast Energy Resources Inc.,Enbridge has been in the building since 1996, beginning with 6,400sf. In 2001, Enbridge Inc. of Calgary, Alberta acquired Midcoast.As the company continued to grow, it kept expanding in the28-year-old class A building.

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