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Parkway negotiates lease to bring Houston’s CityWestPlace to 98% occupancy

July 24, 2024
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Photo courtesy of Parkway.

Parkway brokered a new lease with Empyrean Benefit Solutions, Inc. at CityWestPlace, elevating the West Houston office campus’ leased space to an impressive 98%.

This milestone, alongside recent leases with Bechtel Energy (Bechtel) and Noble Corporation (Noble), underscores CityWestPlace’s dominance in the Houston market, attributed to its exceptional amenities and prime location.

Empyrean, a leader in technology-enabled benefits administration services, has secured 41,667 square feet at 2103 CityWestPlace Blvd (Building 4), planning to occupy two full floors by early 2025. Mark O’Donnell, President of Savills’ Texas region, and Senior Managing Director Jennifer Meehan facilitated the lease negotiations on behalf of Empyrean. Savills’ Corporate Managing Director Patrick Miller will handle design and construction consulting services for Empyrean.

Bechtel, a global leader in engineering, procurement, construction, and project management, has expanded its footprint by an additional 108,724 square feet at 2103 CityWestPlace Blvd (Building 4), spanning four floors, with move-in slated for the third quarter of 2024. CBRE Vice Chairman Kevin Kushner and Senior Vice President William Padon brokered this expansion. In total, Bechtel’s 394,000 square-foot Houston presence now extends across Buildings 3 and 4 at CityWestPlace.

Noble, a global offshore drilling contractor, is relocating operations from a Houston suburb into 110,250-square-feet of space at 2101 CityWestPlace Blvd (Building 1), occupying three floors by early 2025. Savills’ Mark O’Donnell, Corporate Managing Director Jim Bell, and Senior Managing Director Jennifer Meehan represented Noble in the transaction. Savills’ Corporate Managing Director Ed Bowerman will handle design and construction consulting services for Noble’s new space.

Located in Houston’s Westchase District, CityWestPlace is a 39-acre, master-planned, Class-A office campus encompassing four buildings with over 1,470,000 rentable square feet alongside extensive outdoor spaces that are recognized nationally for their landscaping. CityWestPlace offers tenants a range of amenities, including conference spaces, multiple dining options, and unrivaled indoor and outdoor recreational offerings complete with two fitness centers, trails, a jogging track, and sports fields. CityWestPlace was extensively renovated in 2020, and in 2022, Parkway was awarded The Houston Office Leasing Brokers Association’s “Deal of the Year” for Bechtel Energy’s 15-year lease at CityWestPlace 3 and 4.

Lease negotiations for the new CityWestPlace lease with Empyrean, Bechtel, and Noble were managed by JP Hutcheson and Rima Soroka, Senior Managing Directors, on behalf of Parkway.

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