International oil and gas service company secures new Americas headquarters in Houston
JLL secures new office for Expro Group at Park 10 Centre.
HOUSTON, February 11, 2019 – International oil and gas service company Expro Group is moving their Americas headquarters to Park 10 Centre in Houston, JLL announced today. The commercial real estate firm successfully negotiated a new 27,213-square-foot office lease on behalf of Expro.
“The timing of our forthcoming lease expiration and the availability of prime office space in the Energy Corridor market gave us the opportunity to secure a cost-effective option, raise the bar for our employee value proposition, maintain the vision and image we want to project, and illustrate our commitment to our community and our customers,” said Tim Milligan, Global Real Estate and Facilities Manager, Expro Group. “We are excited to call Park 10 Center our new home.”
JLL Vice President Eugene Terry and Executive Vice President Ronnie Deyo represented the tenant, and JLL Senior Vice President Chrissy Wilson and Executive Vice President John Pruitt represented the landlord, Lexington Property Trust, in the lease negotiation.
“Expro’s new Americas headquarters positions the company in a great location to attract and retain the top talent in the region,” said Terry. “The new location presented an opportunity for Expro to relocate to a more efficient footprint and reinvigorates the Expro brand in Houston.”
Since the recent oil and gas downturn in 2014, the Katy Freeway West and Downtown Houston submarkets have seen a surge of absorption activity as of late, thanks in part to stabilizing oil prices and a tenant-favorable office climate. According to JLL Research, Katy Freeway West saw the second most net absorption total in Houston for Q4 2018 with 225,027 square feet, trailing downtown Houston with 294,995 square feet of net absorption.
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 operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com