Saturday , 23 September 2017
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Statoil Leases 581,000 sf in Houston’s Westchase

HOUSTON – Statoil Gulf Services, part of Norwegian energy titan Statoil ASA, leased 581,000 sf as their North American headquarters at CityWestPlace in Houston’s Westchase District. The landlord is Thomas Properties Group. Statoil will occupy the entirety of CityWestPlace Building 2, comprising 431,000 sf, as well as extend their existing lease for 150,000 sf in CityWestPlace Building 4.

westStatoil currently occupies 225,000 sf in the project, located on Sam Houston Tollway, just north of Westheimer Road. The Colvill Office Properties leasing team of Chip Colvill, Clark Thompson, Win Haggard Jr. and Michael Anderson represented Thomas Properties in the lease negotiations. Mark O’Donnell of Studley represented Statoil in the transaction.

Thomas Properties Chairman James A. Thomas said: “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 multi-national corporate tenants.”

Originally constructed as the Texas headquarters of BMC Software, CityWestPlace is a 30-acre campus comprising 1.46 million sf of office space, parking and amenities.  BMC continues to lease approximately 550,000 sf.  Other major CityWestPlace tenants include Ion Geophysical, Bristow Group and Spark Energy.

CityWestPlace was designed by Keating Mann Jernigan Rottet/DMJM and delivered in phases from 1993 to 2001.

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