HOUSTON – Halliburton Co., one of the largest oilfield service companies in the world, is selling its 48-acre Oak Park campus in the Westchase District.
Halliburton has laid off thousands of employees as oil drilling activity has dried up over the last two years because of low oil prices.
Rudy Hubbard and Kevin McConn of JLL are marketing the property for Halliburton, which has transferred its Westchase employees to north Houston.
The Halliburton campus, 10200 Bellaire Boulevard near the Sam Houston Tollway, includes a 568,458-SF office building, a 17,500-SF fitness center, a daycare center, central plant and a five-level parking garage. The building was built in 1979.
JLL said the Halliburton campus “has high potential as a redevelopment play for users and developers.” However, the Halliburton property is hitting the market while there is an abundance office space in the Houston area. Over 10 million square feet of sublease space is available and there are a number of new buildings still under construction.
JLL also marketed the vacated Exxon Mobil Brookhollow campus – 24-acre campus at Dacoma St. and Highway 290. The Exxon Mobil site, which also had 500,000-SF of space, sold earlier this year for about $11 million, according to an exclusive story in Realty News Report.
Sept. 15, 2016 Realty News Report Copyright 2016