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Tag Archives: ExxonMobil

In the Wake of Exxon Mobil’s Departure: Pain Felt; Patience Required

HOUSTON – (By Ralph Bivins) – On June 7, 2011, Exxon Mobil formally announced what Houston’s real estate community already knew – the energy firm purchased 385 acres for a 3 million square-foot campus north of Houston. Everybody knew the new campus would reshape the Houston real estate market. But the Houston real estate market was so strong, there wasn’t ... Read More »

New Office Projects Announced in Springwoods Village

HOUSTON – The American Bureau of Shipping is leaving Greenspoint to occupy a 10-story office building that will be constructed in Springwoods Village, where the transformative new Exxon Mobil campus is located just north of Houston. The American Bureau of Shipping will occupy CityPlace 2, a 326,800-square-foot building, which will begin construction in early 2017. CityPlace is a 60-acre mixed-use ... Read More »

Hotel Breaks Ground Next to New 3 Million SF Exxon Campus in Houston

HOUSTON – Woodbine Development Corporation and InterMountain Management started construction June 1 on a hotel in Springwoods Village where the new 3 million square-foot Exxon Mobil campus is nearing completion. The hotel developers recently finalized the purchase of three acres in Springwoods Village developer  CDC Houston to develop a Courtyard by Marriott hotel. “With ExxonMobil’s campus and Southwestern Energy’s headquarters now open for business, ... Read More »

Colliers: Huge Absorption of Houston Office Space in 2014

HOUSTON – A whopping 6.8 million square feet of office space was filled in Houston last year, despite big gains in rental rates, according to the year-end report by Colliers International. The big driver of the leasing activity was incredible job growth, as Houston added about 125,000 jobs last year – the strongest year for jobs since 1981. Forecasters are ... Read More »

Two Energy Firms Lease Office Space in Houston, Where Falling Oil Prices Pose Questions

HOUSTON — Parkway Properties has announced two Houston office leases to energy-related firms, reducing the potential for empty space in its Houston portfolio. “These two leases help to quickly mitigate some upcoming known move-outs in our Houston portfolio with little to no downtime,” stated James R. Heistand, President and Chief Executive Officer of Parkway. Nabors Industries, which owns more than ... Read More »

Toll Brothers Developing 692-acre Community Near New Exxon Mobil Campus North of Houston

HOUSTON – Toll Brothers is developing the 692-acre Woodson’s Reserve community north of Houston on the route of the new extension of the Grand Parkway – not far from the new 385-acre Exxon Mobil campus. Three home builders, Toll Brothers, Perry Homes and Meritage Homes will open for pre-sales in Woodson’s Reserve in early 2015. The site is on Riley Fuzzel Road, ... Read More »

The ‘Second Energy Corridor’ – CBRE Re-drawing Its Maps to Account for Massive Growth in North Houston

HOUSTON – CBRE, one of the world’s largest commercial real estate firms, is re-drawing its research maps to account for Houston’s “Second Energy Corridor.” The Second Energy Corridor is developing on the north side of Houston where Exxon Mobil is constructing 20 buildings totaling 3 million sf. Exxon Mobil’s campus, which already has a few buildings operating, is believed to ... Read More »

Hines Starts 130-acre Residential Project New New Exxon Mobil Campus

HOUSTON –  Hines – the Houston-based developer that has created 37,000 residential lots encompassing 12,000 acres over the past four decades – is starting a relatively small project near the new Exxon Mobil campus north of Houston. The latest addition to the Hines residential portfolio is Laurel Park North, a 130-acre project on the east side of David Wayne Hooks ... Read More »

Skanska Buys Acreage for 1 million SF Office Development Next to Exxon Mobil’s new Campus North of Houston

HOUSTON – Skanska USA Commercial Development announced it has acquired 14 acres of land for a 1 million square foot office development across from the new Exxon Mobil campus. The Skanska site, which is south of The Woodlands, is part of a development trend that has led some to tout the Exxon Mobil area as the “New Energy Corridor.” The ... Read More »

Exxon Mobil Sells Greenspoint Building to Stream Partnership

HOUSTON – Exxon Mobil, which is moving thousands of employees to its new campus near The Woodlands, has sold its Eight Greenspoint building in north Houston. The Greenspoint area, which includes the Greenspoint Mall near the intersection Interstate 45 and Beltway 8, has been identified as one of the submarkets that could be hard-hit by Exxon Mobil’s relocation to its ... Read More »

ABS Leases Greenspoint Space as Exxon Mobil Vacates the Area

  HOUSTON – American Bureau of Shipping has renewed its lease in Greenspoint Place, a north Houston office complex that has been the home of Exxon Mobil. The ABS will lease  that  for 228,254 square feet, expanding by 30,481 square feet, making their total leased space 258,735 square feet. The renewal and expansion encompasses the entire ABS Plaza building (16855 ... Read More »

Exxon Mobil to Lease 500,000 SF in The Woodlands

THE WOODLANDS – Two new mid-rise office buildings  being developed in the The Woodlands will be leased almost entirely by Exxon Mobil, according to published reports. The two buildings, containing a total of 650,000 sf, will be in addition to the new Exxon Mobil campus, which is under construction just south of The Woodlands in Harris County. The two additional ... Read More »

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