“TC Energy Center in Houston for Sale: Owner Asking $285M”

"TC Energy Center in Houston for Sale: Owner Asking $285M"

The iconic TC Energy Center, a 56-story skyscraper in downtown Houston, is now on the market for $285 million. This impressive office tower boasts a unique red granite exterior and gothic-inspired architecture.

Despite its prominent presence in the city skyline, TC Energy Center has recently faced financial challenges. In March of this year, S&P Global reported that it held the largest delinquent loan in the country at $96 million.

Built by Houston-based Hines in October 1983 and later sold to M-M Properties joint venture, TC Energy Center underwent a $22 million renovation to enhance its appeal. The upgrades included an 8,000-square-foot restaurant space, tenant lounge area, conference center and collaborative workspaces on the mezzanine level. Currently at 70% occupancy rate,

TC Energy Center remains one of Houston’s most sought-after commercial properties for businesses looking to establish their presence in this thriving metropolis.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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