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Occidental Extends Greenway Lease of Nearly 1M SF

Occidental has executed an amendment to its 972,145-square-foot lease at Parkway Property Investments’ Five and Three Greenway Plaza in Houston. The amendment extends the term of Occidental’s lease at Greenway Plaza through 2031.

Occidental has had a presence at the 52-acre campus, which is strategically located between downtown and Uptown, since 1987. The Greenway complex has served as the energy company’s headquarters since 2014.

Rima Soroka, director of leasing, and Eric Siegrist, managing director of leasing, negotiated on behalf of Parkway. It’s not clear whether Occidental was represented by brokers.

“Anchoring Greenway Plaza with Occidental as the largest tenant and longest office lease in the campus is gratifying,” said Siegrist. “We believe this transaction is a testament to Parkway’s continued investment in, and reimagination of, Greenway Plaza and further validates Greenway Plaza as a preeminent business community in the Sunbelt region.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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