McDermott selects new building for corporate headquarters

HOUSTON -- McDermott International has signed a lease for the new office building to serve as its corporate headquarters and will consolidate approximately 1,700 employees across five locations in the Houston area into one location. 

McDermott signed a 16-year lease for Energy Center Five, an 18-story, 524,000-sq-ft office tower located at 915 North Eldridge Parkway. McDermott will be the sole tenant in the building and will lease the building from the property landlord, TCH Energy Venture Corridor CBRE Group represented McDermott as the broker for the lease.

"The new, state-of-the-art building will enhance collaboration and productivity among our employees and drive efficiency and cost savings for the company," said David Dickson, McDermott's President and CEO. "We are also staying in Houston's Energy Corridor, which is strategic for McDermott given the close proximity to many of our customers and partners." 

The facility has amenities such as an active greenspace, a fitness center, cafeteria, multi-purpose rooms for large meetings, on-site parking garage and a water feature to provide outdoor areas for employee enjoyment. The building is certified as a Gold LEED building. The building is in the energy corridor in Houston, with close access to Beltway 8, Interstate 10 and key decision makers.

McDermott plans to begin operations in the new building beginning in the third quarter of 2019 and will gradually transition its workforce into the new building by the end of 2019.

The company presently leases buildings at 10 locations in the Houston area and will consolidate five of those locations to fill the new building. After moving into the new building, the company is expected to have five site locations and more than 2,000 employees in the overall Houston metropolitan area.