Marathon Oil Tower Ownership

Marathon Oil Tower, a 1,100,000 sq. ft., Class A commercial office building located at 5555 San Filipe, Houston, Texas, is owned by Tower Associates, a limited partnership managed and controlled by Hanover Real Estate Partners ("Hanover").  The property was acquired in 1983 and has served as the corporate headquarters for Marathon Oil Company.  Marathon Oil Company occupies approximately 60% of the building with the remaining space leased to various institutional quality tenants.  Hanover has engaged the local offices of Transwestern and CBRE to assist with the management and leasing, respectively.  Under the guidance and direction of Hanover, Tower Associates is committed to ensuring that the property maintains its status as one of the premier Class A office buildings in Houston.   In recognition of the building’s premier status, the Marathon Oil Tower was awarded the 2006 national office building of the year by BOMA in the over 1,000,000 sq ft. category.    

Hanover Real Estate Partners

Hanover Real Estate Partners, a Greenwich, Connecticut based real estate investment company, is responsible for the ownership and management of the Marathon Oil Tower.  Hanover is responsible for all facets of the property, including managing, leasing and maintaining the property’s standing as one of the premier Class A office buildings in Houston.  Hanover, working in concert with Transwestern, has implemented and will be implementing several major capital improvement projects all geared towards making the property the number one choice for institutional quality Class A office tenants. 

Hanover is a privately held real estate investment company that owns, manages and invests for itself and its investors in commercial real estate located throughout the United States.  Hanover has business expertise in all aspects of real estate, including investment and ownership, asset management, financial advisory, and mortgage banking.  Hanover’s principals have extensive experience as owners, operators, developers, and managers of a significant national real estate portfolio.  A major part of this experience was devoted to acquiring and repositioning distressed and under performing real estate assets, including offices, golf courses, resorts, hotels, industrial, R&D, warehouse, retail and residential development properties. 

Marathon Oil Tower – Houston, Texas a Class A, 41 story office building comprising 1,100,000 sq. ft. of office space with a 61,000 sq. ft. of conference / meeting space, a cafeteria and a 13-level parking garage Frost National Bank Buildings – San Antonio, Texas The Colonial Building - a 4-story office building totaling 64,721 sq. ft. The Citizens Building - a 2-story office building totaling 61,619 sq. ft. Kmart Department Store – Cheboygan, Michigan a 100,168 sq. ft. K-Mart department store West Corp. Call Center Building – Niles, Ohio a 81,550 sq. ft. retail space used as a call center Buena Vista Palace – Orlando, Florida a 1,114 room, four-star official Walt Disney World Hotel with 94,000 sq. ft. of meeting and convention space, 12,000 sq. ft. of retail shops and a 5,000 sq. ft. spa Steele Canyon Estates Golf & Country Club – San Diego, California a 500 acre planned community with 158 custom-built homes and 3 Gary Player designed 9-hole golf courses Bank of the West Office Building – Concord, California a 3-story, 55,000 sq. ft office building 100% net leased to the Bank of the West

Spanish Hills Golf & Country Club – Camarillo, California a private country club, an 18-hole Robert Cupp designed championship golf course, 7 tennis courts and 140 acres of land Millroc Hospitality – Hampton Inn - North Conway, New Hampshire a 100 room  Hampton Inn & Suites Hotel by Hilton. (under construction) 401 Miles of Cars Office Building – National City, California a 3-story, 192,000 sq. ft. office building net leased to Wells Fargo Bank Countrywide Call Center – Rosemead, California a 4-story, 250,000 sq. ft. office building net leased to Countrywide Mortgage Wells Fargo Bank Branch – Rancho Bernardo, California  a 6,500 sq. ft. bank branch net leased to Wells Fargo Bank Burger King Restaurant – Del Mar, California a 6,200 sq. ft. building net leased to Wells Fargo Bank that is subleased to a Burger King Franchisee Pacific State Bank Building – Stockton, California a 7-story, 92,000 sq. ft. office building net leased to Wells Fargo Bank