Occidental 120K-SF Lease Launches Construction

Houston-based Occidental Petroleum inked a long-term lease agreement for 120,000 square feet, a transaction that will lead to development of Fourteen 555 on the Dallas North Tollway. Cawley Partners is anticipated to launch construction on the 480,000 square-foot property during Q1 2017. The scheduled completion date is September 2018.

The development, situated between Belt Line and Spring Valley Roads in Addison, TX, will consist of two office buildings linked by a three-story property called “The Hub.” The linking complex will offer a full-service restaurant, fitness and conference centers, and a covered terrace.

Occidental sold its 24-story office building at 5005 LBJ Freeway in January for a reported $95 million to Encore Enterprises.

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