Bechtel plans to relocate its 1,500 employees by the end of 2023 to the Westchase area about 8 miles west of its longtime home at 3000 Post Oak, the company confirmed.
“From the beginning of the process, Bechtel Energy focused on ensuring the best workplace experience for its employee base in Houston,” said Kevin Kushner, executive vice president at CBRE who represented Bechtel with CBRE’s William Padon. “The company has a long-standing local history, and this transaction shows a commitment by Bechtel Energy to its clients, employees and the city of Houston.
“We are working on some exciting renovation plans for the building with Abel Design Group ,so this is excellent opportunity for a new headquarters for a major tenant,” Colvill said. “We are already seeing inquiries.” Bechtel’s move comes as hybrid work schedules spur more companies to reevaluate their real estate needs. About half of companies surveyed by CBRE earlier this year said they plan to reduce office space over the next three years.
Eric Siegrist, Rima Soroka and JP Hutcheson represented landlord Parkway Property in the transaction with Bechtel, according to CBRE.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston unveils City Council redistricting map to reflect growthAbout 3% of Houston’s 2.3 million residents will move districts under the proposal,...
Read more »
Britain feels the impact of record inflation as rates soar worldwideAmericans aren't the only ones feeling the impacts of high inflation rates. In Britain, record inflation rates have recently sent shockwaves across industries.
Read more »
Nancy Pelosi goes on lavish Italian vacation as inflation back home hits 40-year highHouse Speaker Nancy Pelosi, D-Calif., was spotted at a lavish resort as Americans endure sky-high gas prices and inflation hits a 40-year high.
Read more »
Houston Newsmakers: ‘Mattress Mack’ teams up with Crime Stoppers of Houston, and moreThis week on Houston Newsmakers: ‘Mattress Mack’ teams up with Crime Stoppers of Houston, and much more. Tune in at 10 a.m. on KPRC 2 📺 KPRC2 HoustonNewsmakers
Read more »
Two Huge Objects Inside the Earth Are Changing Shape, Scientists SayA new study published Wednesday in the journal Nature says a giant blob in a core part of Earth, called mantle plumes, are actually moving.
Read more »