Another company is moving to Houston’s energy corridor.
Dutch geodata firm Fugro leases 75,000 sq. ft. on 35-acre Republic Square office park at 13501 Katy Highway, Houston Business Journal Report. The site will become Fugro’s new US headquarters, with plans to move into the building by the end of the year.
Bill Insull and Blake Virgilio of Lee & Associates represented the landlord, Houston EC Development, an affiliate of Dallas-based Dart Interests. Moody Rambin agents Bob Cromwell and Bob Gulley, and Colliers International’s Zack Taylor represented Fugro.
With the addition of Furgo, occupancy at the 325,000-square-foot, four-story building will jump from 50 percent to 70 percent. The company, led by Mark Heine, currently operates out of its seven-story building at 6100 Hillcroft Avenue in Sharpstown.
“Not only does the new location bring us closer to our customers, it also provides our employees with a modern, efficient workspace with access to green spaces and a host of amenities,” said Céline Gerson, President of Fugro USA.
Dart Interests acquired the campus from ExxonMobil in 2014 and has undergone multiple renovations in 2020, including two new meeting rooms and a fitness center, the media said.
The deal follows a trend of companies leaning towards new or refurbished office buildings in response to the pandemic-induced work-from-home trend. Many buildings in the Energy Corridor would fit the bill, as many companies have moved to the sprawling West Houston business district.
Last month, France-based Technip Energies rented 14-story office building at 15377 Memorial Drive, 171,600 square feet.Oilfield services giant Baker Hughes signs deal last year 130,000 square feet at 575 Dairy Ashford Road. Modec International signed a 116,161-square-foot lease for its new West Memorial Place I headquarters in March.
— Quinn Donoghue