Northern Natural Gas Building
Encyclopedia
The Northern Natural Gas Building, also known as the 2223 Dodge Street Building, is located at 2223 Dodge Street
in the Park East neighborhood of downtown
Omaha
, Nebraska
, United States. It is a 260 ft (79 m), 19-story skyscraper that ranks 8th, among Omaha's top ten tallest buildings. Currently the building is vacant. The building is currently listed on the National Register of Historic Places located in Douglas County, Nebraska.
Inc., bought Houston Natural Gas, a Houston, Texas based company to become Enron
Corp. Enron Corp. then became headquartered in Omaha, Nebraska for a short time. The next year, Enron moved the company's headquarters to Houston, Texas and as one of the major corporate employers in Omaha, placed 19 office buildings in the area for sale. In 1988 they sold their original corporate headquarter building, which remained for a number of years as their regional headquarter building for their division, Northern Natural Gas Division, for $11.52 million dollars, to an investment group controlled by investor Michael Cutler. Northwestern National Life Insurance Co. was a major initial investment partner and lender in the transaction. Northwestern National Life Insurance changed its name in 1996 to ReliaStar, and in May 2000 was acquired by Dutch financial services giant ING Group
for US $5 billion.
Under Mr. Cutler's control and leadership, the building underwent a mult-million dollar renovation and retrofit while it was occupied, turning it into one of Omaha's premier office, business, and technology centers. He owned the building for 12 years and sold it in 2001. The building at the time, was Omaha's third highest office structure. With its large windows, panoramic views of the region, and central location, it was 100% leased throughout his ownership period.
Other major financial institutions over the years involved in the transaction while under Mr. Cutler's ownership, were 1st National Bank of Omaha, Security Pacific National Bank of Los Angeles, California, Bank of America, Whitehall Street Real Estate Funds(Goldman Sachs), and Acceptance Insurance Cos.
Major tenants over the years were some offices of First National Bank of Nebraska, which is currently the largest privately owned bank in the country, along with subsidiary First National Bank of Omaha, namely their credit card and processing divisions, occupied the building until the new First National Bank Tower
opened in 2002. At the time the building was considered one of the leading office, business, and technology centers in the country with state-of-the-art fiber optic communication capacity.
Dodge Street
Dodge Street is the main east–west street in Omaha, Nebraska. Numbered as U.S. Route 6, the street starts in Downtown Omaha and connects to West Dodge Road around 78th Street. From there it continues westward through the remainder of Douglas County....
in the Park East neighborhood of downtown
Downtown Omaha
Downtown Omaha is the central business, government and social core of the Omaha-Council Bluffs metropolitan area, and is located in Omaha, Nebraska. The boundaries are 20th Street on the west to the Missouri River on the east and the centerline of Leavenworth Street on the south to the centerline...
Omaha
Omaha
Omaha may refer to:*Omaha , a Native American tribe that currently resides in the northeastern part of the U.S. state of Nebraska-Places:United States* Omaha, Nebraska* Omaha, Arkansas* Omaha, Georgia* Omaha, Illinois* Omaha, Texas...
, Nebraska
Nebraska
Nebraska is a state on the Great Plains of the Midwestern United States. The state's capital is Lincoln and its largest city is Omaha, on the Missouri River....
, United States. It is a 260 ft (79 m), 19-story skyscraper that ranks 8th, among Omaha's top ten tallest buildings. Currently the building is vacant. The building is currently listed on the National Register of Historic Places located in Douglas County, Nebraska.
History
Northern Natural Gas Co. built the six-story corporate headquarter tower in the early 1950s, adding a 16-story tower in the late 1950s. The building has over 259,000 sf of gross space located on a 3.77 acres (15,256.7 m²) site, with over 600 parking stalls in two attached heated parking garages and adjacent parking lots. In 1985, Northern's parent company, InterNorthInterNorth
InterNorth Inc. was a very large energy company headquartered in Omaha, Nebraska, in the United States, specializing in natural gas pipelines but also a force in the plastics industry, coal and petroleum exploration and production. They operated the largest natural gas pipeline in North America...
Inc., bought Houston Natural Gas, a Houston, Texas based company to become Enron
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. Before its bankruptcy on December 2, 2001, Enron employed approximately 22,000 staff and was one of the world's leading electricity, natural gas, communications, and pulp and paper companies, with...
Corp. Enron Corp. then became headquartered in Omaha, Nebraska for a short time. The next year, Enron moved the company's headquarters to Houston, Texas and as one of the major corporate employers in Omaha, placed 19 office buildings in the area for sale. In 1988 they sold their original corporate headquarter building, which remained for a number of years as their regional headquarter building for their division, Northern Natural Gas Division, for $11.52 million dollars, to an investment group controlled by investor Michael Cutler. Northwestern National Life Insurance Co. was a major initial investment partner and lender in the transaction. Northwestern National Life Insurance changed its name in 1996 to ReliaStar, and in May 2000 was acquired by Dutch financial services giant ING Group
ING Group
The ING Group is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks...
for US $5 billion.
Under Mr. Cutler's control and leadership, the building underwent a mult-million dollar renovation and retrofit while it was occupied, turning it into one of Omaha's premier office, business, and technology centers. He owned the building for 12 years and sold it in 2001. The building at the time, was Omaha's third highest office structure. With its large windows, panoramic views of the region, and central location, it was 100% leased throughout his ownership period.
Other major financial institutions over the years involved in the transaction while under Mr. Cutler's ownership, were 1st National Bank of Omaha, Security Pacific National Bank of Los Angeles, California, Bank of America, Whitehall Street Real Estate Funds(Goldman Sachs), and Acceptance Insurance Cos.
Major tenants over the years were some offices of First National Bank of Nebraska, which is currently the largest privately owned bank in the country, along with subsidiary First National Bank of Omaha, namely their credit card and processing divisions, occupied the building until the new First National Bank Tower
First National Bank Tower
The First National Bank Tower is a 634 ft , 45-story skyscraper at 1601 Dodge Street in downtown Omaha, Nebraska. Built in 2002, it is currently the tallest building in Nebraska. It was built on the site of the former Medical Arts Building which was imploded on April 2, 1999...
opened in 2002. At the time the building was considered one of the leading office, business, and technology centers in the country with state-of-the-art fiber optic communication capacity.