HOUSTON—With oil markets giving Halliburton a pounding, the company is increasingly under pressure to unload assets, underperforming or otherwise. One such asset is a building that goes all the way back to 1979 for Halliburton. It was expanded as recently as 2009 when the capacity went from 1,700 to 3,000 workers.

Located at 10200 Bellaire Blvd., the office complex represents an opportunity to occupy and redevelop a 48-acre site in West Houston's Westchase District near Beltway 8. JLL recently brought the structure to market on behalf of Halliburton. Although the building was built in 1979, Halliburton has made many cosmetic, mechanical and electrical upgrades since 2013.

The site currently includes a 568,458-square-foot office building, a 17,500-square-foot fitness center, a daycare center, central plant and a five-level parking garage. Located just west of the intersection of the Sam Houston Tollway and Bellaire Boulevard, the Oak Park campus has potential as a redevelopment play for users and developers, or as a turnkey office space with numerous amenities in place.

“The Halliburton Oak Park campus offers users and developers a variety of options. The existing improvements provide potential users with the opportunity to occupy and enjoy class-A office space, without paying a premium for new construction,” Rudy Hubbard, managing director, JLL Capital Markets, tells GlobeSt.com. “On the other hand, the location and excess acreage on the campus create a great deal of potential for redevelopment.”

The company's headquarters is at 3000 N. Sam Houston Pkwy. E., near the George Bush Intercontinental Airport, where it relocated from Dallas in 2003. Halliburton has at least two other major office locations in Houston both on Milner Road: its Technology Center and its Energy Services office.

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Oil Woes Force Halliburton Office Complex on the Block

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