Marathon Moving Houston HQ Toward Energy Corridor

December 6, 2018

 

Following the sale of its Houston headquarters earlier this year, Marathon Oil Corp. says it’s moving out…

…Moving out of the one-million-square-foot Galleria-area building it’s occupied for more than 30 years and moving out west near the Energy Corridor area.

California’s M-M Properties bought the 41-story Marathon Oil Tower building back in January and said it plans a $25 million upgrade to the property, but Marathon was also nearing the end of its lease.

The Houston Chronicle said Wednesday that Marathon will build a new Texas headquarters to spec near the corner of Houston’s Beltway 8 and Interstate 10, with a spokesman calling it a lower-cost alternative to meet the company’s needs.