HOUSTON (realtynewsreport.com) – In what is being pronounced the world’s largest office lease of the year, Shell Oil has renewed its 1.2 million sf lease in downtown Houston’s
Class-A Shell Plaza.

The company renewed 804,491 sf at One Shell Plaza and 471,934 sf at Two Shell Plaza.

The 15-year lease term is retroactive to Jan. 1, 2011, and expires in 2025.

The two million-sf Shell Plaza has been owned, managed and leased by Hines since it was developed in 1970.

Cushman & Wakefield represented Shell in the transaction. Hines used in-house representation.