If you’re in the energy business and have been looking for an excuse to move to Houston, now you have one. ConocoPhillips recently signed a lease for a total of 850,000 square-feet office space at Energy Center Three and Energy Center Four. Trammell Crow Company and Principal Real Estate Investors confirmed this. The exploration and production company will be the sole tenant of Energy Center Three, which has a total of 550,000 square feet. In Energy Center Four, the company will occupy 300,000 square feet.
Construction on the 20-Story Energy Center Three building was started in December 2012. Energy Center Four is expected to break ground in the fourth quarter of this year and the company will move into the 22-story office building in the second quarter of 2016.
ConocoPhillips leased these two spaces for its continental US business units. The energy company will be relocating from its current office space in the West Houston Energy Corridor. However, the company will continue to lease the main campus which is located at 600 N. Dairy Ashford where the company occupies over 1,000,000 square feet.
“The move will allow the company to centralize the lower 48 operations and allow ConocoPhilips to continue to make its mark on Houston’s Energy Corridor,” Conoco spokesman Daren Beaudo said. The trophy towers are located at the southwest corner of Interstate 10 and North Eldridge Parkway. Even though the buildings are rated as class AA, they are targeting a LEEd Gold certification.
The lead designer is Houston-based Kirksey architects and the general contractor is Balfour Beatty construction which is based in Dallas,Texas. Principal Real Estate Investors parent company is Principal Global Investors who is developing the towers along with Trammell Crow. Trammell Crow’s Aaron Theilhorn, Kevin Schmok, and Brandon Houston along with Joe Wanninger of Principal Real Estate investors will lead the development team. Cody Armrister, Executive Vice President and Steve Rocher, Senior Vice President of CBRE represented the joint venture in this transaction.
As is evidenced by all the energy companies, either building larger buildings or leasing larger office spaces, the energy sector in Houston continues to boom. The increased presence of major energy companies means more jobs and more demand for quality housing in desirable neighborhoods.
We here at Courtland Building Company, Inc. offer estate homes in five unique and exquisite communities, Bellaire, Fallcreek Fulbrook, Sovereign Shores Estates, and River Forest. We also build custom estate homes on your lot anywhere in Houston and surrounding areas.
Source: www.bizjournals.com
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