Halliburton’s Oak Park Campus in Westchase has been sold.
HOUSTON – (Realty News Report) – An investment group led by investor Lawrence Wong has acquired the Halliburton Co. hired an auctioneer to sell its 49-acre Oak Park Halliburton campus in the Westchase District of west Houston.
The former Halliburton campus, 10200 Bellaire Boulevard along the Sam Houston Tollway, includes a vacant 568,458-SF office building, a large fitness center, a five-level parking garage and other property.
The Halliburton property is near the west Houston Chinatown district where many Asian-oriented businesses, shops and restaurants are located. Wong has been active in the area for quite some time, acquiring Mel Power’s Arena Towers buildings in Sharpstown in the 1990s. Years ago, Wong was reportedly associated with Tan Yu, a billionaire who bought the 8,000-acre Sienna Plantation acreage in Fort Bend County.
JLL’s Rudy Hubbard, Kevin McConn, Rick Goings and Dan Bellow represented Halliburton. The sale was conducted in conjunction with the Williams & Williams auction firm.
No plans for the site have been announced for development of the site.
“Given its prominent location and size, this site has high potential for any number of uses,” said JLL Managing Director Rudy Hubbard. “However this property is purposed, we look forward to seeing it fully utilized to the benefit of the market and new ownership alike.”
The building was built in 1979, but cosmetic, mechanical and electrical upgrades have been made since 2013.
June 20, 2018 Realty News Report Copyright 2018