ExxonMobil Markets Sites Nationally as New Corporate Campus Proceeds
By Georgiana Mihaila, Associate Editor
While working on what will soon become one of the largest corporate campuses in the world, ExxonMobil is apparently trying to minimize its office footprint throughout the country.
Just last week, the company hired Cassidy Turley to market its 117-acre corporate campus in Fairfax, Va., consisting of five buildings with 1.3 million square feet of Class A office space; underground parking structures totaling approximately 1 million square feet; and approximately 92 acres of undeveloped land. Since the company first announced the development of the new corporate campus in Houston, there were clear mentions of the fact that its goal is that of accommodating additional employees from the immediate area and from the company locations in Fairfax, VA and Akron, OH.
Now, Exxon Mobil is also listing the ExxonMobil Chemical Company Headquarters campus in Houston’s Energy Corridor. The property, which serves as headquarters for the company’s chemical division, will be marketed by Holliday Fenoglio Fowler. A sales team has already been set in place, with HFF’s senior managing director Robert Williamson and managing director Davis Adams leading it; the debt team will be led by senior managing director Wally Reid and director Colby Mueck.
In addition to 352,170 rentable square feet of improvements consisting of an office building and conference center, the ExxonMobil Chemical Co. campus—located at 13501 Katy Freeway—features 1,000 feet of frontage on Interstate 10 and 800 feet of frontage on Memorial Drive. The property is situated on approximately 35 acres in the heart of Houston’s Energy Corridor, adjacent to the BP America Headquarters, across Interstate 10 from both ConocoPhillips and Shell Oil’s North American Exploration and Productions headquarters, and within a mile of Mustang Engineering and Dow Chemical.
ExxonMobil will be grouping more of its divisions on the campus it started building in 2011 in The Woodlands, one hour from Houston; located on a 385-acre wooded site on company-owned land near the intersection of I-45 and the Hardy Toll Road, the ExxonMobil Houston Campus will accommodate approximately 10,000 employees and is being constructed to high standards of energy efficiency and environmental stewardship. Employees will move in phases as the buildings are constructed, beginning in early 2014. Full occupancy for Houston-based employees is expected by 2015.