Ensco Offshore Company Signs 20,000-SF Houston Lease
Firm to Expand by 74 percent within KBS Portfolio
Houston, TX (July 12, 2010)
Ensco Offshore Company, a subsidiary of Ensco plc (NYSE: ESV), has signed a 20,717-square-foot lease occupying the entire third floor at Two Park Ten Place, located at 16300 Katy Freeway.
The company is moving this summer from The Atrium at Park 10, located at 16340 Park 10 Place, a KBS Realty Advisors Portfolio building, to another KBS building, and expanding by 74 percent.
“Without enough space for Ensco to expand in its current building, the landlord worked with us to find a solution that enabled it to keep a tenant, as well as satisfy Ensco’s growing deepwater business requirements for immediate and future space needs,” explained Lance McCarthy of Studley, the firm that represented Ensco in the transaction.
The lease includes a tenant-improvement allowance and options to expand.
In addition to Mr. McCarthy, Kyle Kelley and Damon Thames of Studley represented Ensco in the transaction. Doug Little of PM Realty Group represented the landlord, KBS Realty Advisors Houston Portfolio.
Studley is the only global tenant advisory firm with a pure tenant representation delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com.
About Ensco plc
Ensco International (NYSE:ESV) brings energy to the world as a global provider of offshore drilling services to the petroleum industry. With a fleet of ultra-deepwater semisubmersible and premium jack up drilling rigs, Ensco serves customers with high-quality equipment, a well-trained workforce and a strong record of safety and reliability. To learn more about Ensco, please visit our website at www.enscointernational.com.