Statoil to Double Footprint at CityWestPlace, Expand Lease to 581,000 SF
- Oct 14, 2013
Statoil Gulf Services L.L.C., the U.S. upstream wholly owned subsidiary of Norwegian energy titan Statoil ASA, entered into a long-term agreement to expand and extend its lease at CityWestPlace, which serves as the company’s North American headquarters.
Owned by Thomas Properties Group Inc., CityWestPlace is a 30-acre, master-planned Class A office complex in Houston’s Westchase District featuring 1.46 million square feet of office space, parking and amenities.
The four office buildings within the complex range from six to 21 stories and are either LEED certified or pending, as part of TPGI’s award-winning sustainability program. Amenities include three full-service restaurants, an auditorium and numerous conference facilities, two fitness centers with full locker rooms, a basketball court, an athletic field, a sand volleyball court, a running track, a bocce court, a hair salon, an auto repair and detailing center, an amphitheater and grab-and-drop bicycles.
Beginning with initial occupancy in mid-2015, Statoil will eventually occupy the entirety of Building 2, comprising 431,000 square feet, as well as extend its existing lease for 150,000 square feet in Building 4, bringing the company’s total square footage in CityWestPlace to 581,000 square feet.
“The new Statoil lease at CityWestPlace fully addresses the December 2014 lease expiration and expected departure of Halliburton Energy Services well over a year in advance, which is a testimony to the continued strength of this market and the appeal of the CityWestPlace campus to multinational corporate tenants,” said Jim Thomas, Thomas Properties’ chairman, president & CEO. “We are delighted to have recently consolidated our ownership in this unique project to 100 percent and to welcome the expanded relationship with such an outstanding global firm as Statoil.”
Designed by two world-renowned architectural design firms — Keating Mann Jerrigan Rottet and Daniel Mann Johnson & Mendenhall — CityWestPlace was developed in phases between 1993 and 2001 as the Texas headquarters of BMC Software Inc. BMC continues to occupy approximately 550,000 square feet in Buildings 1, 2 and 4 of the campus. Other major tenants include Ion Geophysical, Bristow Group and Spark Energy.
Located on Sam Houston Beltway 8, just north of Westheimer Road, the high-profile complex offers convenient access to the region’s popular residential areas; Houston’s major transportation corridors including the Sam Houston Tollway, Interstate 10 and U.S. Highway 59; and both the George Bush Intercontinental and William P. Hobby airports.
Chip Colvill, Clark Thompson, Win Haggard Jr. and Michael Anderson with Colvill Office Properties represented Thomas Properties in the lease negotiations, according to company statements. Mark O’Donnell of Studley Inc., Houston represented Statoil.
Photo credits: CityWestPlace official Web site