Schlumberger Properties Go Up for Auction
Williams & Williams, a real estate auction firm based in Dallas, will auction 20-plus properties for oilfield services company Schlumberger during a two-week period in June. Williams & Williams is conducting the auctions along with Lee & Associates Commercial Real Estate Services.
The properties are a mix of warehouse, industrial and land properties throughout the Houston metro area and West Texas, plus locations in Oklahoma, Colorado, Mississippi, Illinois, North Dakota, Wyoming and Utah. Many of the properties will be sold absolute, with no reserve.
“The Schlumberger portfolio includes well-maintained industrial properties near major highways and close to small to medium metropolitan areas,” said Fontana Fitzwilson, EVP of Williams & Williams.
She added, “Sales in the industrial real estate market are strong right now, and the value of having a time-certain sale for multiple properties is attractive to sellers like Schlumberger who want to dispose of their underutilized or idle assets.”
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