Los Angeles-based Occidental Oil and Gas Corp. is getting a lobby-level reception and meeting area for a ground-floor presence, Bob Boykin, regional vice president of leasing and marketing for Ft. Worth-based Crescent Real Estate Equities Co., tells GlobeSt.com. The estimated 880,000-sf, 31-story office tower is part of the 4.3 million-sf, 10-building complex in the upscale Greenway Plaza submarket.
Boykin and Neil Tofsky and Barbara Richey, both of Senterra Real Estate Group LLC represented the building owner, Crescent Real Estate Funding III LP. Charles Gordon of Trione & Gordon/Oncor International acted on the tenant's behalf. Gordon could not be reached by press time for comment on the deal.
Boykin says the company was in the building when Crescent purchased it in 1996. The Greenway Plaza complex is 93.9% leased, which has El Paso Energy as its lead tenant.
Crescent is one of the largest office property owners in Houston. Boykin says Crescent's properties have experienced a stable year in the midst of economic and political uncertainty. He says the office buildings have high occupancies and remain very healthy.
Occidental Oil and Gas is a subsidiary of Los Angeles-based Occidental Petroleum Corp. The company is one of the world's largest independent oil and natural gas exploration and production company and a leading manufacturer and marketer of chlorine, caustic soda, vinyl and petrochemicals, as well as niche specialty chemicals. Occidental employs a workforce of about 8,800 worldwide.
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