Pennzoil Place
711 Louisiana Street, Houston, TX, 77002, US
130,967 m²
Description
JLL Capital Markets is pleased to present the opportunity to acquire a 100% fee simple interest in Enclave Place, a 300,906-square-foot Class A office building in Houston’s Energy Corridor submarket. Built in 2015, the Property is 100% occupied by Transocean Ltd., a leading global offshore contract drilling provider, with 9.5 years of remaining lease term and no termination or contraction options.
On February 9, 2026, Transocean signed an agreement to purchase Valaris, a top offshore drilling global firm, creating a combined industry powerhouse and improving market positioning. The combined company will have an industry leading backlog of approximately $10 billion and maintains a best-in-class fleet of 73 premier offshore rigs.
The asset delivers investors a best-in-class, fully amenitized building with exceptional design and construction quality, prioritizing sustainability and energy efficiency throughout.
Located within the Enclave Business Park, Enclave Place presents an attractive investment opportunity to acquire a single-tenant, institutional-quality asset secured by a creditworthy anchor tenant in Houston’s leading office submarket.
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Attributes
Building area net
27,955 m²
Occupancy
100%
Year built
2015
Land area gross
1.89 ha
Number of floors
11
Parking spaces
1,200
Tenants
Transocean Offshore Deepwater Drilling Inc.
WALT
10 years
LEED
Silver
Energy star
Certified
Media
Investment Highlights
- Stable cash flow: 100% occupancy ensures consistent income
- Strategic location: Positioned in Enclave Business Park
- Modern asset: Built in 2015 with 11 floors and 1,200 parking spaces
- Long-term lease: Robust WALT of 10 years promising tenant stability
- Value potential: Above-market rents enhance investor returns
Contact brokers
Enclave Place (0 Properties)
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Last updated
20 Apr 2026
