Phillips 66, recently spun off from ConocoPhillips, is acquiring 14 acres off Beltway 8 West between Westheimer Road and Briar Forest Drive in Houston’s Westchase submarket for development of a new global headquarters campus.
The Houston-based oil and energy company searched for several months before settling on the site at 2101 CityWest Blvd. to be acquired from Thomas Properties Group, Inc. (NASDAQ: TPGI
), said Greg C. Garland, chairman and chief executive officer of Phillips 66, which employs 14,000 people worldwide.
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The company is working on a design and will begin construction when plans are finalized and permitting in place for the campus which will include office space
, conference and training facilities, and wellness and dining options. Construction is expected to take two to three years once ground is broken.
Jim Thomas, chairman and chief executive officer of Thomas Properties, said the site is in the heart of one of the most desirable business sections in the city among prominent companies and near major roadways. Apache Corp. and Halliburton Co. are among the companies with large corporate presences in Westchase.
Phillips 66 moved its corporate offices from the ConocoPhillips campus in the Energy Corridor to temporary headquarters at the Pinnacle Westchase building after spinning off from ConocoPhillips in May.