Brokerage Team with Partners National
BASF SE is a German chemical company headquartered in Ludwigshafen, Germany and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe. Asia. Australia, Africa, and the Americas.
Houston is the regional headquarters for BASF’S petrochemical business, North American headquarters for engineering & maintenance, and the global headquarters for BASF’s global oilfield solutions. In addition to providing services to BASF’S customers, the company’s 1,100 Houston-area employees handle research, manufacturing, and production support for other BASF divisions.
Acquisition – Energy Tower IV, 11750 Katy Freeway Houston, TX
BASF’s Houston-based operations were located in multiple geographic venues spread throughout the Houston area. Recognizing that synergies could be achieved if certain business units were consolidated in one location, BASF tasked its brokerage team, Partners National and Calibre, with evaluating multiple submarkets and buildings before selecting to lease 110,000 rentable square feet in the newly constructed Energy Tower IV in Houston’s Energy Corridor. The brokerage team was successful in identifying a building and location that afforded a premier technological infrastructure, close proximity to BASF’s business partners and employees, a sustainable design and exterior building signage opportunities that would further enhance BASF’s brand recognition.
Disposal – Heritage Plaza, 1111 Bagby Street, Houston, TX
BASF’s trading group was one of the first business units to relocate to the new offices. The brokerage team was appointed to sublease the trading group’s surplus space, located in Heritage Plaza, a Class A building in downtown Houston. Although the market was awash with a glut of available sublease space to rent, Partners National and Calibre rose to the challenge and a new subtenant moved into the space within days after the departure of BASF’s trading group.
Acquisition – 3120 Hayes Road, Houston, TX
Prior to BASF’s office consolidation in Houston’s Energy Corridor, BASF had sought to expand its state-of-the-art wet lab and engineering offices and engaged its brokerage team to evaluate its options. Considering critical factors such as the need for a superior technological infrastructure and convenient access for BASF’s business partners resulted in BASF’s making the decision to relocate its operations to 25,000 rentable square feet in the Westchase submarket.