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Bracewell Represents Shell in 1.2 Million-Square-Foot Shell Plaza Lease, Culminating its Restructuring of North American Real Estate Holdings

December 21, 2011

HOUSTON — Bracewell & Giuliani LLP represented Shell Oil Company in the renewal of its corporate headquarters lease for two buildings in downtown Houston. The lease amounts to 1.2 million square feet, including 804,491 square feet at One Shell Plaza (910 Louisiana Street), and 471,934 square feet at Two Shell Plaza (777 Walker Street). The lease starts retroactively on January 1, 2011 and expires in 2025.

At the time of the deal, it was the largest commercial leasing transaction worldwide in 2011, according to Hines, which owns the buildings. The deal concludes a three-year project during which Bracewell advised Shell on the restructuring of more than 5,860,000 square feet of holdings throughout North America, which also included the leasing of 682,911 square feet at One Shell Square in New Orleans and 303,358 square feet at RRI Energy Plaza in Houston . 

Bracewell attorneys who worked on the deal include:

Partners: Clark G. Thompson and Aaron P. Roffwarg

Associates: Melanie L. Samadi, Jeffrey J. Bates, Dash A. Kohlhausen, Mona M. Guidry,and Jeffrey H. Gilbert