HOUSTON-Marking its 25th year at Greenway Plaza, Transocean Inc. has bumped its headquarters lease to 300,000 sf, adding 95,000 sf in two buildings. The co-terminus deal makes Transocean the only tenant with keys to an entire structure in the 10-building, class A complex.

Transocean took the last two floors in the 11-story, 241,294-sf Four Greenway Plaza and picked up floors three and four in the 31-story, 912,011-sf Five Greenway Plaza. The plan is to move into the extra space in August or September, according to Jay Bonano, senior managing director in Houston for Studley Inc.

Bonano says the search began at the end of 2007. “We considered other alternatives, but Greenway Plaza was the best fit,” he says. “Location and quality of the project were key.” He tells GlobeSt.com that last year the tenant’s nine floors were totally revamped and its offices restacked with a renewal so the plan is to finish out the remaining space in the same high-end fashion. The newly tagged single-tenant building boasts three levels of underground parking.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.