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ExxonMobil Chemical's HQ Hits the Market

HOUSTON-The energy company's pending move to The Woodlands leads it to place its 352,000-square-foot office complex in the Energy Corridor up for sale in hopes of landing a sale-leaseback deal.

By Amy Wolff Sorter | Updated on April 23, 2013

HOUSTON-ExxonMobil Chemical Co. has put its 352,170-square-foot headquarters on the market in hopes of snagging a sale-leaseback deal. The company, a division of Exxon Mobil Corp., is preparing to relocate to its new campus, which is currently under construction in Springwoods Village, about 25 miles north of Houston’s CBD.

That relocation, however, is at least two years away. As such, according to HFF managing director Robert Williamson, ExxonMobil Chemical hasn’t set a specific date as to when it will vacate Energy Corridor submarket property at 13501 Katy Fwy. (Interstate 10). “They’ll sign a lease through March, 2015, with the right to extend on a short-term basis,” says Williamson, who with colleague, HFF senior managing director Davis Adams, is leading the team that is representing ExxonMobil Chemical in the marketing process. The HFF debt team will be led by senior managing director Wally Reid and director Colby Mueck.

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