Anadarko Purchases Headquarters Campus in The Woodlands

Anadarko Petroleum decided to buy their headquarters campus in The Woodlands, Tx, after nearly 10 years of leasing.

In an earnings conference call that in the 4th quarter the company bought its headquarters building in The Woodlands for $215 million rather than renewing its lease again, CEO Jim Hackett stated.

Actually, the independent oil and gas company purchased the whole campus. According to spokesman John Christiansen, the campus is a 30-story building, midrise on Timberloch and a parking garage.

Recently, for its corporate headquarters from the U.S. Green Building Council, the company earned the first LEED green building certification.

Becoming the largest single employer in The Woodlands when the building opened in 2002, the tower was developed for Anadarko.

Now with about 1,700 people there, the company moved from Greenspoint. Exxon Mobil is considering a move similar to that of Anadarko's.

Exxon Mobil is studying its real estate options, which might include moving to a 400-acre corporate campus south of The Woodlands at the Hardy Toll Road and Interstate 45.

Anadarko is located in The Woodlands, near beautiful subdivisions such as Panther Creek and Town Center.

Source: chron.com