Wideman Co. Acquires 35-Story TotalEnergies Tower in Downtown Houston

Wideman Adds 35-Story Office Tower to Houston Portfolio
CRE Market Beat Take
Wideman Co.’s long-term hold strategy for a recently renovated downtown tower suggests selective investors remain willing to commit capital to upgraded legacy assets in Houston’s core. The deal also adds to ownership concentration in the CBD, which can influence future leasing dynamics and pricing power.

Wideman Co. has expanded its Houston office holdings with the acquisition of the 35-story TotalEnergies Tower at 1201 Louisiana St., purchasing the property from Brookfield Properties. The transaction adds a major downtown high-rise to Wideman Co.’s portfolio, which already includes the Jones on Main complex.

TotalEnergies Tower comprises approximately 850,000 square feet and was originally completed in 1971. Over the years, the tower has received several rounds of upgrades aimed at modernizing both its amenities and common areas. Among the more recent improvements are a fitness facility and an adjacent bike room, reflecting evolving tenant expectations for wellness-focused, commuter-friendly features in office buildings.

The building’s lobby areas have been renovated multiple times. The first significant lobby update was completed in 1996. More recently, Brookfield Properties initiated another round of renovations in 2019, when the property was still known as Total Plaza, and brought that work to completion in 2020. Ziegler Cooper Architects led the redesign effort, while Houston-based Tellepsen served as the construction contractor.

The 2019–2020 renovation program focused on reworking the tower’s primary circulation and gathering areas. The scope included upgrades to the street-level lobby, improvements to the second-floor lobby, and enhancements at the tunnel level, which connects the property into Houston’s broader downtown pedestrian network. These updates were designed to refresh the building’s presentation and strengthen its positioning within the competitive downtown office market.

According to reporting from the Houston Business Journal cited in the article, Wideman Co. intends to hold TotalEnergies Tower as a long-term asset within its portfolio, signaling a commitment to the property and to downtown Houston. With this acquisition, Wideman Co. now controls approximately 1.7 million square feet of office space in downtown Houston, including both TotalEnergies Tower and Jones on Main.

The article also notes that the acquisition of TotalEnergies Tower follows another significant Houston office transaction completed only days earlier. Williams Companies acquired the 64-story, 1.4 million-square-foot Williams Tower at 2800 Post Oak Blvd. While details of that separate deal are limited in the provided text, its timing alongside Wideman Co.’s purchase underscores continued investment activity in large-scale Houston office assets.

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