For sale...

Posted: Thursday, August 21, 2003

HOUSTON The ''For Sale'' sign is going up at Enron Corp.'s headquarters.

Granite Partners LLC, a New York real estate investment banking firm, announced Wednesday it's been retained to sell the 50-story glass tower at a time when top-notch office space in downtown Houston is cheap and plentiful.

Richard Rudd, senior managing director for Granite Partners' Houston office, said he hopes to close a sale on the 1.2 million-square-foot headquarters by December.

No firm price is being set; the county government values the building at $92.5 million.

Finding a taker may be difficult. The downturn in the economy has hurt Houston businesses, reducing the demand for pricey real estate.

The oval-shaped headquarters housed more than 7,000 employees before the energy-trading company went bankrupt in 2001 amid revelations of inflated profits, hidden debt and questionable account-ing.



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