Halliburton oak Park CamPus - LoopNet · on-site employees to their corporate headquarters in north...

Halliburton oak Park CamPus

HOUSTON, TEXAS

2

Halliburton Oak Park Campus

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Dan BellowPresident - Houston

[email protected]

Rudy HubbardManaging Director

[email protected]

Kevin McConnSenior Vice President

[email protected]

Rick GoingsVice President713.425.5855

[email protected]

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EXECUTIVE SUMMARY

Jones Lang LaSalle Americas, Inc., as exclusive advisor to Halliburton, is pleased to present the opportunity to acquire the fee-simple interest in the Halliburton Oak Park Campus. The Property is being offered 100% vacant with no leaseback. During 3Q 2016, Halliburton will move the remaining on-site employees to their corporate headquarters in north Houston. The Halliburton Oak Park Campus, situated on approximately 48.9566 acres located in West Houston’s premier Westchase District, consists of an approximate 568,458 square foot (NRA), three story office building with a basement level. The Property is complemented by a five-level parking garage connected to the office building by a covered walkway. Other buildings included in the campus are a fitness center, daycare center and a power house (central plant). The fitness center is conveniently located adjacent to the three-story office building. A full-service cafeteria is located on the first floor of the office building and was previously operated by Eurest Dining Services. Halliburton has improved the Property with numerous cosmetic, mechanical and electrical upgrades since 2013 throughout the facility (see an itemized breakdown on following page).

The Halliburton Oak Park Campus offering includes the “main campus” (+/- 40 acres), as well as a separate “development parcel” (+/- 8 acres), which is located on the southwest corner of the property. The development parcel is offered separately and is restricted to office, industrial or light assemblage. Interested parties are encouraged to offer on both parcels together or individually. If offering on both together, pricing will need to be allocated accordingly.

Situated in the heart of Houston’s Westchase District, the Halliburton Oak Park Campus is surrounded by an array of amenities including dining, shopping, and an abundance of retail and other services that all cater to the large corporations in the Westchase District. Strategically located just west of the intersection of the Sam Houston Tollway (Beltway 8) and Bellaire Boulevard, the Halliburton campus offers tenants and visitors convenient access to the major freeways that serve virtually all areas of Houston. In addition to an office market totaling 16.3 million square feet with over 81,000 jobs, Westchase includes 2.4 million square feet of retail space, 70 multi-family properties totaling 18,609 units and 22 hotels with 2,895 rooms.

The Halliburton Oak Park Campus is located in the Oak Park at Westchase development community, which is part of the architecturally controlled, master-planned Westchase District. Extensive landscaping in the 220-acre development features 325 oak trees to create a park-like campus.

Main Building Size 568,458 NRSFSite Area - Main Campus Development Parcel

+/- 40 acres+/- 8 acres

Year Built 1979

Stories 3 plus basement

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First floor reception area

HALLIBURTON OAK PARK CAMPUS CAPITAL EXPENDITURES

2013-2016L3 (4 Quadrants)

L1 Welcome Center

L1 Training

Basement Phase I

Basement Phase II

Basement Phase III

Basement Waterproofing

Skylight

Mechanical Upgrades for L3-N&S

500KVA UPS system

Backup diesel generators for UPS system

Berm & Mitigation

Fire Alarm Upgrade

Restroom Upgrade: L2NW

Restroom Upgrade: L2SW

Restroom Upgrade: L1SW

OP B15 Renovation

L2NE Renovation

L1NW Renovation

OP Auditorium

Second Floor Conference Area

Photograph is prior to Halliburton vacating the property


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Second floor executive reception area




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First floor atrium


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Halliburton Oak Park Campus Masterplan

Gensler21 May 2009Site Plan4

0 50 100 200 500300

EXISTING GARAGE5.5 FLOORS

1,753 SPACES

NEW GARAGE5 FLOORS

1,630 SPACES

CENTRALBUILDING

3 FLOORS511,000 GSF

LIFECENTER2 FLOORS

57,000 GSF

NEW OFFICE TOWER16 FLOORS

447,000 GSF

FITNESSCENTER

1 FLOOR26,000 GSF

DAYCARE

1 FLOOR13,000 GSF

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Gensler21 May 2009Aerial Rendering [east/entry view]5

The Halliburton Oak Park campus offers users and developers many redevelopment options. The following renderings were completed by Gensler, and illustrate the development potential of the excess acreage on the Halliburton Oak Park campus. These renderings are only an example of what kind of development can be done on the Property.

The City of Houston has approved and issued Wastewater Capacity Reservation letters for 1.5 million square feet of improvements stating that no further detention, in addition to the existing off-site detention, will be required.

The expansion plans in the renderings show the following additions to the campus:

· New office building – 447,000 square feet

· Life Center – 57,000 square feet

· Fitness Center – 26,000 square feet

· Day Care Center – 13,000 square feet

· Additional structured parking garage – 1,630 spaces


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Gensler21 May 2009Site Plan4

0 50 100 200 500300

EXISTING GARAGE5.5 FLOORS

1,753 SPACES

NEW GARAGE5 FLOORS

1,630 SPACES

CENTRALBUILDING

3 FLOORS511,000 GSF

LIFECENTER2 FLOORS

57,000 GSF

NEW OFFICE TOWER16 FLOORS

447,000 GSF

FITNESSCENTER

1 FLOOR26,000 GSF

DAYCARE

1 FLOOR13,000 GSF

BELLAIRE BOULEVARD

WES

T SA

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Halliburton Oak Park Campus - Office Tower

21 May 2009 Gensler16 Floors | 447,000 gsf Rendered View8

Halliburton Oak Park Campus - Office Tower

21 May 2009 Gensler16 Floors | 447,000 gsf Rendered Lobby View10

New Office Tower16 floors

447,000 SF

First floor lobby & high speed

escalators upgraded approximately two

years ago to air conditioned walkway

to garage

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Halliburton Oak Park is approximately 605,261 gross square foot, three story building with a basement level. The Property is complemented by a five-level parking garage that is connected by a covered walkway. Other buildings included in the campus are a power house (central plant), a maintenance storage shop, a fitness center and a daycare center. A full-service cafeteria is located on the first floor.

SITE

The existing improvements are located on +/- 40 acres along the north line of Bellaire Boulevard and the west line of Rogerdale Road. An adjacent “development parcel” (+/- 8 acres) is located at the southwest corner of the Property. The Property is accessible via Rogerdale Road with a guardhouse at the entrance. The perimeter of the Property is fenced and the site is well lighted at night.

PARKINGThe five-level concrete parking garage provides parking for 1,453 cars. There are 29 handicap spaces and 13 vanpool spaces in the garage. Perimeter parking is provided for 610 cars of which 31 are handicap spaces, 4 are 15-minute spaces and 8 are drop-off daycare. A covered walkway between the parking garage and the main building is provided for tenants’ convenience. The total of 2,363 parking spaces provides a ratio of 4.16/1,000 square feet.

ENVIRONMENTAL The Owner makes no legal representations regarding environmental issues at the property. Potential investors should conduct their own investigations to determine the property’s environmental status.

ZONINGThe city of Houston has no zoning. However, the Westchase District is a master-planned development with deed restrictions in place to achieve a balance between the aesthetic appeal of modern living with the vibrant energy which has become a hallmark of the Westchase District. All development must comply with the building guidelines imposed by the Westchase District.

BUILDING AMENITIES

• Full service cafeteria• On-site daycare center • Fitness center with exercise room,

spinning classroom, basketball court, men’s and women’s locker/showers

• Two-window credit union office• Travel center

• Reprographic center• Mail room• Conference center• Auditorium• IT room• Security office

PROPERTY DESCRIPTION


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GENERAL BUILDING INFORMATION

Property Address 10200 Bellaire Boulevard

SIZE YEAR Main Building 605,261 gross square feet

568,458 net rentable square feet1979

Power House 12,600 gross square feet 1979Fitness Center 17,514 gross square feet 2004Daycare Center 10,937 gross square feet 2004

Construction Type Main Building and Power House - Concrete and glass panels. Fitness Center and Daycare – Tilt-up concrete walls

Main Building Lobby Finish The main building lobby is attractively furnished with a receptionist desk and seating area flanked by security turnstiles requiring card-key entry into the tenant areas. Flooring is polished tile. High speed escalators that were upgraded approximately two years ago are situated in the center of the building to carry tenants from the first through third floors. The basement is accessible via elevator.

Conferencing Capabilities There are numerous conference rooms throughout the three above-ground floors, an auditorium on the first floor that seats 100 and a conference center in the basement able to seat up to 275 in several different seating scenarios, including a computer training room. An emergency operations room is located on the first floor.

First floor reception area


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Fitness Center The fitness center has a reception area, two offices, a massage room, workout equipment room, spinning room, aerobics/yoga room, men’s & women’s locker/shower/dressing rooms/restrooms and a full size basketball/volleyball court.

<INSERT FITNESS CENTER.JPG AND FITNESS2.JPG>

Daycare Center The daycare center is licensed for 114 children and has a reception area, one office, a kitchen, a laundry room and eight rooms for children from infancy through five years old. There is one set of restrooms.





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Power House The power house is the central plant for the main building.

Maintenance Storage Shop A 6,300 square foot facility built in 1999, with a pre-finished standing seam metal roof and tilt-up panel walls.

Basement Level The basement level houses the main computer room, travel center, central security center, reprographics center, and conference center.

Lighting The interior light fixtures in the main building and power house have been retrofitted to rapid start fluorescent lamps F32T8 with electronic ballast. Exterior lights have 277 volt metal halide lamps.

Restroom Facilities The main building contains 11 restrooms per floor with the exception of the basement which contains two restrooms. Every restroom has been remodeled to ADA standards.

Vertical Transportation The main building contains three KONE hydraulic freight elevators with a 4,500 pound capacity each and one passenger hydraulic KONE elevator with a capacity of 2,500 pounds. All elevators serve the basement through third floor and were updated to ADA standards in 2002. The parking garage contains three Schindler hydraulic elevators with a capacity of 2,500 pounds that serves floors one through five. In addition, high speed escalators that were upgraded approximately two years ago are situated in the center of the building to carry tenants from the first through third floors.

WEST SAM HOUSTON PARKWAY

BELLAIRE BLV

D.

ROGERDALE ROAD

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Roof System The main building roof was replaced in 2000 with a tar and gravel built-up roof system with a 20 year warranty. The power house roof was replaced in 2004 with a Modified Bitumen roof system. The daycare and fitness center roofs were installed in 2004 with a thermoplastic membrane system with 20 year warranties.

HVAC The main building and power house are served by four Trane CVHF 650-ton centrifugal chillers (three of which are 1995 models, one is a 2000 model). The chillers are turned off from 11:30 a.m. to 8:30 p.m. at which time the buildings are handled by a 1,072,600 gallon thermal chilled water storage tank. The fitness center and daycare center have rooftop mounted units.

Electrical

Life Safety Systems

The building has a 500KVA UPS system with backup diesel generators behind the UPS system.

The main building, daycare and fitness center are fully sprinklered. A Thorn Auto Call fire alarm panel was installed in 1995 to monitor the main building. The fitness center and daycare have their own Notifier fire alarm panel installed in 2004.

Energy Management System A Tracer Summit System controls the chillers and chilled water loop. The air handlers and pneumatics are controlled by a Johnson Controls Metasys System.

Security The perimeter of the Property is provided with a fence. A Proprietary Alarm System is accessible in the Central Security office. The campus is fully equipped with a “Lenel” access control security system which includes badge readers, door hardware and cameras.

ADA Compliance The Owner makes no legal representations regarding ADA issues at the property. Potential investors should conduct their own investigations to determine the property’s ADA status.

Site Plan

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ROGERDALE ROAD


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FLOOR PLANS

BASEMENT

FIRST FLOOR

ROGERDALE ROAD

13

FLOOR PLANS

SECOND FLOOR

THIRD FLOOR


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DAY CARE

FITNESS CENTER

15Cafeteria




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DisclaimerThis Brochure is provided for the sole purpose of allowing a potential investor to evaluate whether there is interest in proceeding with further discussions regarding a possible purchase of Halliburton Oak Park Campus in Houston, Texas (the “Property”).

The potential investor is urged to perform its own examination and inspection of the Property and information relating to same, and shall rely solely on such examination and investigation and not on this Brochure or any materials, statements or information contained herein or otherwise provided.

Neither Jones Lang LaSalle Americas, Inc. nor the Owner, nor any of their respective partners, directors, officers, employees, shareholders, manager and agents (collectively, “Agents”), make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this Brochure or the Property or any materials, statements (including financial statements and projections) or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the Property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources, and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given.

Without limiting the foregoing, in the event this Brochure contains information relating to asbestos or any other hazardous, toxic or dangerous chemical, item, waste or substance (“Hazardous Materials”) in relation to the Property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by Agents or the Owner, as to the existence or non-existence or nature of Hazardous Materials in, under, on or around the Property.

This Brochure is provided subject to errors, omissions, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property, and is subject to withdrawal, all without notice. The contents hereof are confidential and are not to be reproduced or distributed to any person or entity without the prior written consent of Agents or used for any purpose other than initial evaluation as indicated above.


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11-2-2015

Information About Brokerage ServicesTexas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any offer to or counter-offer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a different license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

ᴑ that the owner will accept a price less than the wriƩen asking price; ᴑ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen offer; and ᴑ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

1400 Post Oak Blvd., Suite 1200

Houston, Texas 77056

Further information is available from the seller’s exclusive representatives:

Dan BellowPresident - Houston

[email protected]

Kevin McConnSenior Vice President

[email protected]

Rick GoingsVice President713.425.5855

[email protected]

Rudy HubbardManaging Director

[email protected]

Halliburton oak Park CamPus - LoopNet · on-site employees to their corporate headquarters in north...

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