Another Downtown Skyscraper Purchased

In Houston, The Wideman Company purchased the TotalEnergies Tower, a 35-story, 850,000-SF office tower located at 1201 Louisiana Street in the heart of Downtown Houston.

The skyscraper, built in 1971, is home to The Petroleum Club, one of Houston’s most storied private clubs. The club is located on the top floor of the building, which stands 518 feet tall.

Wideman Company purchased the building from Brookfield Properties, which remains one of the largest owners of downtown properties.

The Orlando-based Wideman Company is no stranger to Downtown Houston. In 2024, Wideman purchased the Jones on Main, a historic block of Jesse H. Jones buildings at 708 Main and 712 Main.

“We have been actively looking for the right opportunity to make another significant investment in Houston since acquiring Jones on Main,” said Matthew Wideman, CEO of The Wideman Company. “Houston continues to demonstrate the characteristics we look for in long-term investments: a globally significant economy, a deep corporate tenant base, and a downtown district that is seeing meaningful reinvestment and renewed momentum. TotalEnergies Tower represents a rare opportunity to acquire a premier asset with an exceptional location, institutional-quality tenancy, and a strong foundation for the future.”

The purchase price and details of the transaction were not disclosed, although at one time real estate professionals speculated that the tower could fetch $100 per SF. However, the property had been subject to a ground lease that impacts net income projections.

A Long-Term Hold

Wideman Company said TotalEnergies Tower, like the Jones on Main, is intended to be a long-term hold within The Wideman Company’s portfolio.

“We are generational owners who steward properties for decades,” Wideman said. “Our approach is focused on investing in exceptional assets, building relationships with tenants and the surrounding community, and creating properties that remain relevant for generations.”