HOUSTON, Dec. 18, 2018 /PRNewswire/
-- McDermott International, Inc. (NYSE: MDR) 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-square-foot 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 LLC. CBRE Group, Inc. 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 Chief Executive Officer.
"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 located 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.
About McDermott
McDermott is a premier, fully integrated provider of technology,
engineering and construction solutions to the energy industry. For
more than a century, customers have trusted McDermott to design and
build end-to-end infrastructure and technology solutions to
transport and transform oil and gas into the products the world
needs today. Our proprietary technologies, integrated expertise and
comprehensive solutions deliver certainty, innovation and added
value to energy projects around the world. Customers rely on
McDermott to deliver certainty to the most complex projects, from
concept to commissioning. It is called the "One McDermott Way."
Operating in over 54 countries, McDermott's locally focused and
globally-integrated resources include approximately 40,000
employees, a diversified fleet of specialty marine construction
vessels and fabrication facilities around the world. As used in
this press release, McDermott includes McDermott International,
Inc. and its subsidiaries and affiliates. To learn more, visit
www.mcdermott.com.
Contacts:
Investor Relations
Scott Lamb
Vice President, Investor Relations
+1 832 513 1068
Scott.Lamb@McDermott.com
Global Media Relations
Gentry Brann
Global Vice President, Communications
+1 281 870 5269
Gentry.Brann@McDermott.com
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SOURCE McDermott International, Inc.