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Fluor Corporation Signs 12-Year Lease For Entire 308,000 SF Office Building In Houston

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LEASED

Texas

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Office308,000 SF
Leased 05/04/2023
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LEASED

Fluor Corporation Signs 12-Year Lease For Entire 308,000 SF Office Building In Houston

737 North Eldridge Parkway

See Similar Deals
Office308,000 SF
Leased 05/04/2023

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:308,000 SF
Transaction Type:Lease

Fluor Corporation, a global engineering, procurement, and construction firm, has signed a 12-year lease to occupy the entire 13-story, 308,000-square-foot Three Eldridge building in Houston's Energy Corridor. The company plans to move its approximately 1,600 employees to the new location at 737 N. Eldridge Parkway in the second quarter of 2024, departing from its long-time office complex at Lake Pointe Plaza in Sugar Land.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Square Footage: 308,000
  • Address: 737 North Eldridge Parkway, Houston
  • Market: Houston

The Three Eldridge building, located at 737 N. Eldridge Parkway in Houston's Energy Corridor, will now be leased by Fluor Corporation. The 13-story building spans an area of 308,000 square feet, providing ample space for the company's approximately 1,600 employees who will be relocating from their current office complex at Lake Pointe Plaza in Sugar Land.

Details

LEASED
IMAGE: Jennifer Kim DATE: 05/04/2023 ADDRESS: 737 North Eldridge Parkway MARKET: Houston ASSET TYPE: Office ~ SF: 308,000 LANDLORD: Granite Properties (@GraniteProperties) TENANT: Fluor Corporation - Jennifer Kim LEASE TERMS: 12-year lease NOTE: Fluor Corporation, a global engineering, procurement, and construction firm, has signed a 12-year lease to occupy the entire 13-story, 308,000-square-foot Three Eldridge building in Houston's Energy Corridor. The company plans to move its approximately 1,600 employees to the new location at 737 N. Eldridge Parkway in the second quarter of 2024, departing from its long-time office complex at Lake Pointe Plaza in Sugar Land.

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Deal Type
Effective Rent (Annual)

$17,654,374.14

Total Lease Value

$176,543,741.40

Net Landlord Cash Flow$17,654,374.14