Netherlands-based chemical company LyondellBasell is relocating its Houston office to Williams Tower in the Galleria area. The company has signed a lease for approximately 319,000 square feet, which is a reduction from its current 358,000 square feet lease at 1221 McKinney St. in Houston Center. The move reflects LyondellBasell's adoption of a more flexible work policy and a desire for a modern workplace that promotes collaboration.

Summary of transaction details

• Property Type: Office
• Transaction Amount: N/A
• Address: Galleria Area
• Market: N/A
• Tenant: LyondellBasell
• Tenant's Representative: Nina Seyyedin, Warren Savery, Craig Beyer, Kevin Saxe
• Asking Rent: N/A
• Lease Terms: N/A

The lease agreement between LyondellBasell and Williams Tower is expected to be effective by late 2024 or early 2025. This relocation aligns with broader trends of rightsizing and flight-to-quality in the Houston office market. LyondellBasell aims to create a more collaborative and modern work environment that supports its flexible work policy.