Tuesday, August 08, 2006

National Oilwell Varco Signs 10-Year Lease for Office Building in Houston

Commercial Property News - August 07, 2006

As part of an expansion and consolidation in the Houston area, National Oilwell Varco inked a 10-year lease occupying a vacant seven-story office building. Terms of the lease were not disclosed.

The Houston-based company--which creates oil and gas drilling equipment--will take over the entirety of the 200,000-square-foot building, located at 7909 Parkwood Circle. The building is located at Beechnut and Beltway 8 between Highway 59 and the Westpark Tollway along Beltway 8, which allows easy access to downtown Houston, Sugarland and both Houston airports.

“The building’s proximity to the beltway as well as its efficient floor plan were attractive to National Oilwell. Additionally, they could lease the entire building and be the sole occupant,” Lucian Bukowski, vice president with Dallas-based The Staubach Co. who represented National Oilwell, told CPN.“This will allow them to expand and consolidate some functions and provide room for future growth.”

The building is owned by US Real Estate L.P. owns the building. Trammel Crow Co. is handling the leasing. Sphere: Related Content

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