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New Energy Corridor building allows room for current and future growth
HOUSTON, June 29, 2012 — Jones Lang LaSalle today announced that it secured 173,000 square feet of office space along Houston’s Energy Corridor for Murphy Exploration & Production Company. The company, which will occupy seven-and-a half floors of the 14-story building to be located at 9805 Katy Freeway, will become the lead tenant for this property and plans to relocate when construction completes in October 2013.
Dan Bellow, President of Jones Lang LaSalle's Houston office, and Senior Vice President John Burke represented Murphy Exploration & Production. MetroNational, the owner/developer was self-represented by Randy Nerrin.
“Murphy Exploration & Production had outgrown their current space, and the time was right to find new space that would meet their needs,” said Burke. “This building, which is planned as part of MetroNational’s Memorial City mixed use development, will offer an excellent location in the Energy Corridor, and will also accommodate their future growth projections.”
The building will have, at minimum, LEED Silver certification. Murphy has secured monument and building signage as well as naming rights, and the Energy Corridor location will place the company in a multi-use complex that offers access to numerous amenities within walking distance from the building, including restaurants, fitness facilities, the Westin Hotel and Memorial City Mall. In addition, the property has convenient access to the I-10 freeway and Beltway 8.
Murphy Exploration & Production has also engaged Jones Lang LaSalle to market its current space at The Offices at Park 10, located at 16290 Katy Freeway. The 145,000-square-foot space will be subleased fully furnished, when it becomes available in October 2013.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
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