Williams Signs Long-Term Lease Renewal At Williams Tower

(HOUSTON, TEXAS) -- Hines, the international real estate firm, announced today that a unit of Williams, Transcontinental Gas Pipeline Corporation (Transco), has signed a long-term lease renewal at Williams Tower (formerly Transco Tower) for 217,595 square feet. The 1.5 million-square-foot, 64-story tower is located at 2800 Post Oak Boulevard. An anchor tenant since 1983, the energy firm will occupy nearly 15 percent of the tower's space when the new lease term begins in April 2004. Another Williams subsidiary is currently negotiating with Hines for additional space in the Williams Tower.

Ronnie Deyo and Dan Bellow of the Staubach Company represented Williams in lease negotiations. Ronnie Martin and Michael Anderson of Hines represented the building owner, Transco Tower Limited.

“The fact that Williams has renewed its lease is a vote of confidence for the building and the city,” said Hines Executive Vice President Louis Sklar. “Transco, which was acquired by Williams in 1995, played a significant part in the tower’s conception and construction, and we are pleased that the company will continue to have a presence in Houston.”

The building’s tenant roster includes Van Kampen Investments, Hines, Rowan, Smith Barney and a prestigious group of additional corporate tenants.

Upon completion in 1983, Williams Tower immediately became a landmark building in Houston.

Among the tower's distinctions:

Designed by renowned architects Philip Johnson and John Burgee, the tower’s familiar silhouette on the Houston sky recalls the art deco style. Clad in silver gray reflective glass and anodized aluminum, the sleek tower is accented by columns of bay windows of non-reflective glass and podium setbacks on two lower floors and four higher levels.

The Staubach Company is a global, full-service real estate advisory firm that delivers cost-effective solutions for the users of office, industrial and retail space. Founded in 1977, the company helped pioneer the concept of exclusive office tenant representation to minimize conflicts of interest and has since expanded services to meet clients' ever-changing requirements. Areas of expertise include site selection, acquisition and disposition, financing, design and construction consulting, and other outsourced services. With 50 offices in the Americas, The Staubach Company has access to 7,600 professionals worldwide in over 40 countries through DTZ Staubach Tie Leung. For more information, visit www.staubach.com.

Williams, through its subsidiaries, primarily finds, produces, gathers, processes and transports natural gas. Williams’ gas wells, pipelines and midstream facilities are concentrated in the Northwest, Rocky Mountains, Gulf Coast and Eastern seaboard. More information is available at www.williams.com.

Hines is a privately owned real estate firm involved in developing, acquiring, leasing and managing real estate, as well as providing extensive global investment management and advisory services. The Hines portfolio of projects completed and underway includes 712 properties representing 230 million square feet of office, mixed-use, industrial, hotel, medical, sports facilities and residential properties, as well as large, master-planned communities and land developments. With offices in 78 U.S. cities and 11 foreign countries, and controlled assets valued in excess of $13 billion, Hines is one of the largest real estate organizations in the world. Access www.Hines.com for more information.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

Regional Offices

U.S. East Region

499 Park Ave
12th Floor
New York, NY 10022
United States
212 230 2300

U.S. Midwest Region

1 S Dearborn St
Suite 2000
Chicago, IL 60603
United States
312 419 4900
312 346 4180 fax

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
770 206 5300
770 206 5325 fax

U.S. Southwest Region

811 Main St.
Suite 4100
Houston, TX 77002-2712
United States
713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111-5894
United States
415 982 6200
415 398 1442 fax

Asia Pacific Region

101 California Street
Suite 1000
San Francisco, CA 94111-5894
United States
415 982 6200
415 398 1442 fax

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax

International Offices

Australia

20 Hunter St
Level 11
Sydney, NSW 2000
Australia
61 2 9231 2167

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600
55 11 5504 7556 fax

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Hyundai Motor Tower Suite 333
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855
8610 8453 9866 fax

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80
33 1 41 45 80 81 fax

Germany

Hardenbergstraße 28a
Berlin D-10623
Germany
49 30 726241 100
49 30 726241 109 fax

Greece

Voukourestiou 19
Athens 106 71
Greece
44 20 7292 1900

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

First Floor, Block 2
Clanwilliam Court, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
353 1 7 999931 fax

Italy

Via Monte Pietà 21
Milan 20121
Italy
39 02 86 33 72 32

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1
352 264 337 37 fax

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375
507 300 99 75 fax

Poland

Bonifraterska 17
Warsaw 00-203
Poland
48 22 351 2400
48 22 351 2401 fax

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00
7 495 785 05 10 fax

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23
34 91 359 89 71 fax

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 10 4736 5730

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900
44 20 7292 1901 fax