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Chevron Pays $340 Million for Houston Office Tower

Energy Company Maintains 100% Occupancy of Four Allen Center; Renews 311,000 at Continental Center I
By Laurie Forbes
June 24, 2011 | 6:47 P.M.

Chevron Corp. purchased Four Allen Center, the 1.23 million-square-foot office tower it fully occupies at 1400 Smith St. in downtown Houston, from Brookfield Office Properties for $340 million, or approximately $277 per square foot.

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