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News release

Houston, TX

JLL brokers sale of Halliburton’s former Oak Park campus in Houston


HOUSTON, June 20, 2018 – JLL Capital Markets experts today announced the firm, in conjunction with Williams & Williams, completed the sale of Halliburton's former Oak Park campus, a 48-acre corporate campus in west Houston. A local, private investment group purchased the property.

Williams & Williams held an auction for the property on April 27, 2018. No plans for the site have been announced at this time.

"Given its prominent location and size, this site has high potential for any number of uses," said JLL Managing Director Rudy Hubbard. "However this property is purposed, we look forward to seeing it fully utilized to the benefit of the market and new ownership alike."

The property is located in Houston's Westchase District, just west of the intersection of Bellaire Boulevard and Sam Houston Tollway. It currently includes a 568,000-square-foot office building, a 17,500-square foot fitness facility, a daycare center, central plant and five-level parking garage. The building was built in 1979, but cosmetic, mechanical and electrical upgrades have been made since 2013.

Rudy Hubbard, Kevin McConn, Rick Goings and Dan Bellow led the JLL team on the sale.

According to JLL research, Houston's total office sales volume in 2018 has been approximately $600 million.  

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm's 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

For more, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more content including videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.