Crescent Announces Occidental Extends Office Lease At Greenway Plaza
Crescent Real Estate Holdings LLC announced today that Occidental Oil and Gas Corporation signed a long-term lease extension for space in 3 and 5 Greenway Plaza in Houston. Occidental has been in Greenway Plaza since 1987.
“Occidental is the largest customer in the entire Crescent portfolio,” said Bob Boykin, managing director of leasing for Crescent. “Greenway’s ability to provide space for Occidental to grow over the years and our flexibility to accommodate future growth were important considerations for the lease renewal.”
Boykin, Warren Savery and Bubba Harkins represented the owner, Crescent Crown Greenway Plaza SPV while Charles Gordon and Brandon Clarke of CBRE represented Occidental.
Occidental Petroleum Corporation (OXY) is an international oil and gas exploration and production company with operations in the United States , Middle East/North Africa and Latin America regions. Oxy is one of the largest U.S. oil and gas companies, based on equity market capitalization. Oxy's wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali products and vinyls.
“This is a very exciting transaction for many reasons, but it primarily represents Occidental’s long-term commitment to Greenway Plaza and to Houston , and also demonstrates Greenway’s ability to handle the entire spectrum of our customer’s needs,” said Warren Savery, vice president of leasing.
Greenway Plaza’s buildings have secured certification as Leadership in Energy and Environmental Design for Existing Buildings (LEED EB) from the U.S. Green Building Council. Additionally, all 10 buildings in the award-winning office park setting have received ENERGY STAR ratings.
ABOUT GREENWAY PLAZA
Greenway Plaza , Houston ’s premier master planned business development, is a 10-building complex featuring 4,348,052 square feet of Class A office space. The campus is also home to The Shops at Greenway, which include a unique selection of retail options and a full service food court. Located just five miles southwest of downtown Houston , the 55-acre business park and mix-use community includes residential condominiums, a luxury hotel and comprehensive athletic/social club, and provides easy access to major thoroughfares and convenient transportation alternatives. For more information, visit Greenway Plaza ’s web site at www.greenwayplaza.com
Crescent Real Estate Holdings LLC, headquartered in Fort Worth , Texas , is a fully-integrated real estate company owned by Barclays Capital and Goff Capital. Through its subsidiaries, Crescent owns or manages a portfolio of 25 premier office buildings totaling over 9.2 million square feet located in select markets across the United States with major concentrations in Fort Worth, Dallas, Houston, Denver and Las Vegas. Crescent also holds investments in resort residential developments in locations such as Scottsdale , Vail Valley , and Lake Tahoe; a luxury hotel, The Ritz-Carlton, Dallas ; and the wellness lifestyle leader, Canyon Ranch®. For more information, visit Crescent's Web site at www.crescent.com.