HOUSTON — ConocoPhillips, the world's largest energy exploration and production company, has signed an 850,000-square-foot, long-term lease encompassing two new office buildings in Houston's Energy Corridor. The company will fully occupy the 550,000-square-foot Energy Center Three, which is currently under construction, by the second quarter of 2015. Additionally, in 2016 the firm will lease an additional 300,000 square feet in Energy Center Four, a planned 600,000-square-foot office building slated to commence construction later this year. The facilities will serve as the consolidated location for ConocoPhillips' Lower 48 Business unit, which is focused on exploration and production operations throughout the lower 48 states. The Energy Center campus will include an active greenspace to provide common outdoor areas for activities, and Energy Center Three and Energy Center Four will include energy-efficient features to help achieve LEED Gold certification. A joint venture between Trammell Crow Co. and Principal Real Estate Investors (PREI) is developing the office campus. Aaron Thielhorn, Kevin Schmok and Brandon Houston of Trammell Crow, along with Joe Wanninger of PREI, will lead the development team. Cody Armbrister and Steve Rocher of CBRE's Houston office represented the joint venture in the transaction with ConocoPhillips.
ConocoPhillips has signed an 850,000-square-foot, long-term lease for office space in Energy Center Three and Four in Houston.
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