McDermott Worldwide has leased 50,498 sq. ft at Westgate II, a 186,288-square-foot workplace constructing in Houston. JLL led the advertising and marketing efforts and organized the lease signing on behalf of the owner, a personal investor.
Westgate II has been underneath the present possession since 2024, when it acquired the asset from Peakstone Realty, in response to CommercialEdge data. The property got here on-line in 2014 and rises 4 tales. The brand new tenant, an engineering and development companies supplier for the vitality business, will be part of EPC Development Wooden Group on the property.
Sticking to the Power Hall
Positioned at 17320 Katy Freeway in Houston’s Power Hall, the workplace constructing is simply off Interstate 10, between Terry Hershey Park Hike & Bike Path and George Bush Park. West Houston Airport is inside 3 miles of the constructing, as are a Walmart Supercenter and Texas Kids’s Hospital West Campus.
McDermott’s new workplaces will embody 162 workstations, 66 workplaces, two giant breakrooms, 10 convention rooms, a wellness room and collaboration areas. The house will home 254 workers on the property’s high flooring. Based mostly in Houston, the corporate’s headquarters can also be throughout the Power Hall, at 915 N Eldridge Parkway, lower than 5 miles east of Westgate II.
JLL Managing Director Tyler Garrett and Senior Affiliate Christian Canion represented the possession within the advertising and marketing and leasing efforts at Westgate II.
As of February, Houston’s full-service equal itemizing charges stood at $29.40 per sq. foot, beneath the nationwide determine of $33.42, a current CommercialEdge workplace report reveals. The metro’s emptiness fee reached 22.8 %, above the nationwide common of 19.9 %, which has elevated 180 foundation factors from the earlier 12 months.
