Fulbright Tower
Encyclopedia
The Fulbright Tower is a 52 story skyscraper originally known as 3 Houston Center. The tower has 1247061 square foot of Class A office space. The building at one point was owned by ChevronTexaco. As of 2005, Crescent owns the tower in a joint venture with the affiliates of GE Asset Management and JPMorgan Asset Management.

Construction on the tower was scheduled to begin in November 1980. The building was built in 1982. The tower property was developed in 1985. Fulbright & Jaworski
Fulbright & Jaworski
The international law firm of Fulbright & Jaworski L.L.P. is one of the largest law firms in the United States with nearly 1,000 attorneys in over 50 practice areas. The firm was founded in Houston in 1919 by R. C. Fulbright, an attorney working in railway regulation, and J.H. Crooker, a litigator...

 became a tenant during that year. Chevron
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...

 became the building's main tenant, and its name became the Chevron Tower. Fulbright & Jaworski renegotiated and extended its lease in 2003 and retained the possibility of naming rights
Naming rights
In the private sector, naming rights are a financial transaction whereby a corporation or other entity purchases the right to name a facility, typically for a defined period of time. For properties like a multi-purpose arena, performing arts venue or an athletic field, the term ranges from three...

; as of 2005, the firm occupies 350000 square foot of space. On February 24, 2005, Crescent completed the joint venture agreement involving the Fulbright Tower; a pension fund investor advised by JPMorgan Asset Management bought a 60% ownership interest in the building and an affiliate of GE Asset Management bought a 16.15% ownership interest. In 2004, ChevronTexaco sold the building to Crescent. During that year the tower was 49% occupied. By March 2005, ChevronTexaco planned to move its operations out of the tower after buying 1500 Louisiana Street
1500 Louisiana Street
1500 Louisiana Street, formerly Enron Center South, is a 600 ft tall Post-Modern skyscraper in Houston, Texas. It was completed in 2002 and has 40 floors. It is the 17th tallest building in the city and the tallest completed in the 2000s....

 in Downtown Houston. Fulbright & Jaworski used their naming rights, and in 2005 the building gained the name Fulbright Tower. In 2005, the Fulbright Tower was 57% occupied. In 2006, Chevron Corporation
Chevron Corporation
Chevron Corporation is an American multinational energy corporation headquartered in San Ramon, California, United States and active in more than 180 countries. It is engaged in every aspect of the oil, gas, and geothermal energy industries, including exploration and production; refining,...

still occupied three floors at the Fulbright Tower. In 2009 Conway MacKenzie leased 4619 square foot at the Fulbright Tower.
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