PDF Download (25 MB)

NAI Houston’s premier resource for market information in the Houston and surrounding areas.

PDF Download (268 KB)

Download PDF (9.68 MB)

PDF Download (15.04 MB)

NAI Houston’s premier resource for market information in the Houston and surrounding areas.

PDF Download (2.33 MB)

Year-to-date, Chandler ranks as the number-three producer in his office, typically brokering deals valued between $2 million and $20 million. He represents Fortune 100 companies and private investors the disposition and acquisition of assets. As a partner for the past six years, Chandler manages eight brokers in the investment division who specialize in industrial, retail, and office properties. Chandler wants to continue to invest in real estate both as a general and limited partner and hopes to one day become a developer.

PDF Download (108 KB)

Houston Business Journal - June 8, 2007
by Jennifer Dawson

Stallion Oilfield Services Ltd. — which is in line to become Houston’s newest publicly traded energy company — is moving into larger digs to keep up with a rapid growth plan.

Stallion’s headquarters will triple in size when the company moves across town in August. Stallion’s corporate office is currently located in 20,000 square feet at 410 Roberts, a mile east of downtown. The new 60,000-square-foot headquarters is at 950 Corbindale, near Interstate 10 and Campbell.

“We needed to find something that could support our growth,” says David Schorlemer, Stallion’s chief financial officer. “We basically have run out of space.”

Not surprising, considering that Stallion currently has 95 employees working from the corporate headquarters, up from 80 in 2006. By August, Schorlemer expects that as many as 110 people will be operating from the new office space.

The additional 15 people are expected to come on board following some acquisitions that have not yet been announced, Schorlemer says. And the firm’s acquisition strategy is planned to continue in full force at the new location.

“Our space can hold up to 180 people,” Schorlemer says.

Stallion filed documents with the Securities and Exchange Commission in April seeking to raise as much as $400 million through a planned initial public offering. The move toward Wall Street comes after Stallion first filed an IPO plan in July 2006 attempting to raise up to $287 million, then shelved that plan four months later (see “Stallion circles back for second try on IPO,” April 27, 2007).

Dan Boyles Jr. of NAI Houston, Stallion’s real estate broker, says one requirement in the search for new office space was that the company would have room to grow, so Stallion also has an option to lease another floor in the building. This will be the third corporate address for Stallion since its formation five years ago in the Greenway Plaza area, so executives don’t want to have to move again.

Boyles, a principal with NAI Houston, says Stallion officials wanted to be located in a small office building along the Interstate 10 corridor.

“We were able to zero in on this option pretty quickly because there were so few options available,” he says. “There really wasn’t a lot to choose from, from 610 basically out to the Beltway.”

Stallion has also outgrown an operations site near Shepherd and Interstate 10 that has 20 to 25 employees, but that site will not be affected by this relocation.

Despite the swelling office head-count, the company’s accelerated growth plan has actually added more employees in the field than in the office. By the end of 2006, the firm had roughly 1,350 employees, with 80 of those working from the corporate headquarters.

Stallion has made at least two dozen acquisitions since its inception in 2002, purchasing companies with specialties ranging from work force accommodations to equipment rentals and site construction to rig relocation. Stallion provides wellsite support and logistics services to drilling contractors and oil and gas operators covering the entire life cycle of a land-based wellsite operation.

Craig Johnson, Stallion’s CEO, has experience in growing enterprises. He owned Q Services Inc. — a fishing, rental and fluid hauling business — until 2002, when he sold it to Key Energy Services Inc. for $265 million.
Details of the Deal

Transaction: Long-term office lease for nearly 60,000 square feet on top two floors at 950 Corbindale.

Tenant: Stallion Oilfield Services Ltd., represented by Dan F. Boyles Jr. of NAI Houston.

Landlord: 950 Corbindale LP, represented by Richard Plessala of American Medical Resources.

Move-in date: August 2007.

Employees operating from new space: 95, with room for 180.

PDF Download (1.05 MB)

NAI Houston’s premier resource for market information in the Houston and surrounding areas.

PDF Download (1.14 MB)

NAI Houston’s premier resource for market information in the Houston and surrounding areas.

NAI Houston’s Jason Whittington explains items that should be taken into consideration when comparing Lease Options.

PDF Download (.4 MB)

NAI Houston Senior Industrial Associate Chris Caudill takes a look at the numbers of the South and SouthwestIndustrial real estate market in Houston.

PDF Download (3.23 MB)

NAI Houston’s premier resource for market information in the Houston and surrounding areas.

PDF Download (1.8 MB)

NAI Houston’s Joel Michael talks about Lease Options that may or may not be enforceable.

PDF Download (.1 MB)

NAI Houston’s John Ferruzzo takes a look at the numbers of the Northwest Houston Industrial real estate market.

PDF Download (.4 MB)

NAI Houston’s William Swanson takes a look at the numbers of the Industrial real estate market.

PDF Download (.7 MB)

NAI Houston’s premier resource for market information in the Houston and surrounding areas.

PDF Download (1.6 MB)

Overview
Careers
Mailing Lists
Market Updates & Articles
News
VIP Center