Houston-based Halliburton Co. (NYSE: HAL) has hired Williams & Williams Real Estate Auctions to sell its Oak Park Campus, a spokeswoman confirmed.
The auction is set for April 27 at 1 p.m. and will be held on-site or online at auctionnetwork.com, according to the listing on Oklahoma-based Williams & Williams’ website. Inspections of the property will be available on March 23 and 30 as well as April 13 and 20.
The Oak Park Campus is at 10200 Bellaire Blvd. in southern-most portion of the Westchase District, just outside Beltway 8 and south of the Westpark Tollway. The 48-acre site includes an approximately 605,261-square-foot, three-story building with a basement level and a full-service cafeteria on the first floor, according to the Williams & Williams listing. There’s also a power house, a maintenance storage shop, a fitness center and a daycare center. The property has 2,729 parking spaces in total, including 1,748 in a five-level parking garage.
Another 8 acres at the southwest corner of the property would allow for expansion, per the listing.
Halliburton originally put its Oak Park Campus up for sale in September 2016. JLL was marketing the site and touting it as a redevelopment opportunity. Although the office building was constructed in 1979, “Halliburton has made many cosmetic, mechanical and electrical upgrades since 2013,” JLL said in an email at the time. JLL is also listed on the Williams & Williams auction page for the Oak Park property.
"Halliburton is selling its Oak Park facility as part of the company’s ongoing cost-management efforts," a Halliburton spokeswoman said in an emailed statement in September 2016. "Employees were transferred to the company’s North Belt facility off the Sam Houston Parkway."
The company’s headquarters is at 3000 N. Sam Houston Parkway E., near the George Bush Intercontinental Airport. According to Halliburton’s website, it has at least two other major office locations in Houston: its Technology Center and its Energy Services location, both on Milner Road.
Also in September 2016, the San Antonio Business Journal reported that another Halliburton property was pulled from auction. Williams & Williams was hired to auction off the 19-acre property at 850 Commerce St. in Alice, Texas, but there were no bidders online or on-site. Halliburton closed that facility in March 2015, cutting 60 jobs. With 19 buildings containing more than 103,000 square feet of office and industrial space, the opening bid for the auction was set at $1 million.
At the time, Halliburton officials deferred comment to Williams & Williams, whose spokeswoman Cindy Dees told the San Antonio Business Journal that the Alice property had received interest prior to the event, but the firm decided to call off the auction when nobody attended.
William & Williams successfully handled the auction of more than 30 other properties owned by Halliburton across the United States and Canada earlier in 2016. The auctioneers were then hired to sell the Alice property and 10 others owned by Halliburton in a second round of auctions.
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