Schlumberger relocating headquarters and creating jobs in Sugar Land

SUGAR LAND, Texas — Houston’s third largest public company, Schlumberger, is moving its national headquarters to Sugar Land and expanding its campus and creating hundreds of new jobs in the area.

The company currently has an existing 32.48-acre Sugar Land campus northeast of the intersection of U.S. Highway 90A and Gillingham Lane and west of Industrial Boulevard. In order to relocate the national headquarters at the location, Schlumberger will demolish obsolete buildings, repair site utilities, reconstruct landscape features, build more than 250,000 square feet of Class A office space and a new amenities building of more than 100,000 square feet. Construction is slated to be complete by late 2017 at a cost of $200 million.

In all, the move and expansion will equate to 500 new jobs in the Sugar Land area. In exchange, the company received 100 percent  tax abatements on the real and personal property per year for more than ten years.

Source: Houston Business Journal

 

Shared By

Noah Milligan

Noah Milligan works as a banker by day, specializing in financing commercial real estate and loan workouts on a national platform. By night, he has delusions of becoming the next Cormac McCarthy. His short fiction has appeared or is forthcoming in Empty Sink Publishing, Ridi...