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Massive 350K-SF 'shell' left empty in Houston towerMassive 350K-SF 'shell' left empty in Houston towerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=145792016-09-20T05:00:00Z

​HOUSTON - Six months after listing a whopping 350,000 sf of downtown office space on the sublease market, Shell Oil Co. is completely vacating its namesake downtown tower.

Shell Oil, the U.S. arm of the Royal Dutch Shell PLC announced September 20 it will vacate One Shell Plaza and move those employees to the company's campuses in west Houston.

Roughly 3,400 employees will move from the Central Business District to Shell's Woodcreek campus and its Shell Technology Center.

The employees will move in first quarter 2017.

Only employees in Shell's trading and supply division at 1000 Main will remain downtown. It's unclear how much additional space at One Shell Plaza will be added to the sublease market.

The decision to vacate One Shell Plaza was made "in an effort to meet the ever-changing market conditions and optimize resources for future opportunities," the Shell spokesperson said.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Office
http://www.bizjournals.com/houston/news/2016/09/20/shell-to-vacate-namesake-downtown-tower.html

​Ch​eck out Houston-The Woodlands-Sugar Land Market Research for office data​.​

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