Houston Energy Corridor: Pacific Drilling adds 70,000-SF HQ

HOUSTON – Pacific Drilling SA is leaving its Galleria office in 3050 Post Oak to move to a 70,000-sf space in the Energy Corridor at 11700 Katy Fwy. The move will increase the company’s headquarters by 37,000 sf.

Pacific Drilling will take the top three floors and some space on the first floor of the 14-floor office tower. The company moved in to the new space in mid-September and has plans to renovate the space as employees occupy it.

“Pacific elected to relocate to the Energy Corridor primarily to be better located for their employees, achieve a better parking density and get prominent building signage and exposure for their name and brand,” said Jon Silberman, who represented Pacific Drilling on the lease.

The energy industry is pushing real estate activity in the Katy Fwy. submarket where there are 22 office buildings totaling more than 5.47 million sf under construction. About 60 percent of those are preleased and vacancy rates are at 3.7 percent for Class A buildings, according to CoStar.