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Newfield Exploration Co. Beefs Up Lease, Taking 93,407 SF

HOUSTON-Newfield Exploration Co. has come a long way in the past decade since it struck its first lease at 363 North Belt, a Lend Lease property. The Houston-based firm has renewed its 81,307-sf spot and added 12,100 sf in a long-term pact.

By Jennifer Brenner Andrade | Updated on July 27, 2001

HOUSTON-Newfield Exploration Co., based here, has renewed its lease for 81,307 sf in north Houston and elected to add 12,100 sf.

Jerald King with Insignia/ESG represented the building owner, Australia-based Lend Lease. King tells GlobeSt.com that the lease was for more than five years. He says Newfield was a startup oil and gas exploration company 10 years ago when it first leased space in the class A building and it’s been expanding ever since. George Carpenter of Carpenter Realty Corp. represented Newfield in the negotiations.

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