ConocoPhillips expands lease to 1.2M SF; more SF on the wayConocoPhillips expands lease to 1.2M SF; more SF on the wayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=54922013-12-12T07:16:00Z2013-12-12T00:00:00Z

HOUSTON - ConocoPhillips has preleased the remaining space at Energy Center Four, bringing its total lease for the complex to 1.2 million sf and prompting the developer to start a fifth building. The building is located in the Energy Corridor at the southwest corner of I-10 and North Eldridge Pkwy.

In May, the exploration and production company signed on for 850,000 sf in the complex. That lease included all of the 22-story Energy Center Three and half of the 22-story Energy Center Four, which has site work underway.

The company will occupy the entire 550,000-sf Energy Center Three, which is expected to be complete by second quarter 2015, and the entire 600,000-sf Energy Center Four, which should be complete in second quarter 2016.

Energy Center Three has construction costs estimated at $87 million, while Energy Center Four’s cost is estimated at $90 million, according to state filings.

The developers will break ground on Energy Center Five, a 500,000-sf, 18-story tower in April 2014.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2013/12/10/conocophillips-preleases-rest-of.htmlRead more at {Source}

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