The just-signed lease fills the balance of a 277,000-sf class Boffice building at 6330 W. Loop South in the Bellaire submarket.The WorleyParsons division is housed in 200,000 sf in the879,244-sf Five Greenway Plaza, less than three miles to thenortheast. The inbound tenant's broker was Louis E. Cushman, vicechairman of Cushman & Wakefield Inc.

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A WorleyParsons' spokesman says the need to expand was the mainreason for the move. Additionally, he says the fact that the officespace would be built to meet the tenants' needs was appealing.

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The spokesman says WorleyParsons' employees are scattered ondifferent floors at Five Greenway. "The new space meets our needsbecause it will be completely revamped and tailored to suit ourneeds," he tells GlobeSt.com. "Plus, we have the opportunity topretty much have the entire building all to ourselves." Thebuilding roster includes JPMorgan Chase, which occupies 9,297sf.

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According to Bonnie Kelley, senior vice president with CBRichard Ellis, the new tenant will be getting a completelyrenovated building. She says Los Angeles-based CB Richard EllisInvestors is putting $5 million into updating common areas as wellas installing a new sprinkler system and roof. CBRE Investorsacquired the building in June.

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Kelley says WorleyParsons will take space that's been leased toConocoPhillips Co. since the mid-1980s. Its lease is set to expirein March. "The timing was very good on this, all the way around,"she says. The lease brings the building to 100% occupancy.

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