Behind the deal: Inside Statoil’s $400.8 million office lease
May 9, 2014


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Statoil Gulf Services LLC more than doubled the size of its North American headquarters to almost 600,000 square feet in Houston’s Westchase District as part of a long-term lease to accommodate its growth. The upstream subsidiary of Norway-based Statoil ASA (NYSE: STO) will occupy all of the 431,000-square-foot CityWestPlace Building 4 and will continue to occupy 150,000 square feet in Building 2. The deal also included rooftop signage and parking construction mandates for the landlord should Statoil need more parking.

Mark O’Donnell of Studley represented the tenant, Statoil...

Behind the deal: Inside Statoil’s $400.8 million office lease




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