Wells Fargo Plaza

Challenge

Wells Fargo Plaza is the center of Houston's contemporary skyline, standing 992 feet tall with 71 stories of tenant floors and three levels of parking. CBRE has provided property management, engineering, leasing and project management services for this distinctive asset since 2006. Upon commencement of the assignment, CBRE was given a unique opportunity to advance ownership’s plans to elevate the building brand and position in the marketplace. As part of this effort, CBRE was expected to create an identity for the property by infusing innovative tenant amenities and world-class service levels.
 

Solutions

CBRE immediately initiated construction projects that would highlight the building’s strengths and unique features, including the following:
 
  • Constructed a large street-level conference facility, board room, new electronic directories and accessories for public spaces
  • Transformed the lobby from a sterile, under used transition space into a warm, inviting destination that created a comfortable and lively area for tenants to enjoy
  • Created an upscale valet lane with reception area in the P1 (executive) level of the parking garage
  • Enhanced way finding canopies (marques) to be consistent at all 14 locations
  • Completed various engineering projects to maintain and improve the building, including a $1 million heat exchanger project, replacement of the air handler variable frequency drives, restructuring of the fire pumps and building metering system expansion
 

Results

CBRE Project Management and Technical Services completed projects on time and within budget. The results of this cohesive approach to reposition the building garnered significant results:
 
  • The CBRE leasing team capitalized on the improvements, driving occupancy to 94% and achieving top rates in the market
  • The building achieved LEED certification and ENERGY STAR® labels for four consecutive years (2007–2010)
  • Created $100,000 savings per year in electrical costs
  • Winner of the 2011 International TOBY Award for Outstanding Building of The Year in the over 1 MSF category