Halliburton finally unloads 48-acre campus after 2 years of trying

Two years after Halliburton Co. put a 48-acre Oak Park campus for sale in Houston, it’s been sold to a local private investment group.

But the buyer and the price were not disclosed in this week’s announcement.

JLL Capital Markets marketed the campus and worked with Oklahoma-based Williams and Williams which held an auction on April 27. JLL said the new owner has not announced plans for the site yet. The site includes a 568,000-square-foot office building, a 17,500-square-foot fitness center, a daycare center, central plan and a five-level parking garage.

While the sales price wasn’t disclosed, one 45-acre tract at the address had been appraised at nearly $22 million this year,down from the $38 million appraisal in 2017. The appraisal of the remaining 3.67 acres is pending but had been valued last year at $1.26 million.

The Houston Business Journal reported the buyer was a group named 68B LLC, an investment group led by Lawrence Wong.