Anadarko to build regional office in new Midland mixed-use development
Thursday, November 09, 2017
Author: Houston Business Journal
The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) has picked out a site for its new regional office in Midland, Texas.
It will be in Westridge Commons, a new 37.5-acre mixed-use development along Andrews Highway, according to a press release from Denver-based Continuum Partners and New York-based investment firm KKR & Co. LP (NYSE: KKR). Continuum and KKR — through its real estate fund, Real Estate Partners Americas I — formed a joint venture to develop the project.
Anadarko currently has about 250 employees in its Midland office at 6 Desta Drive. About 300 employees are expected to be based in the new office across town initially, per the release. Anadarko will have about 300,000 square feet in Westridge Commons, according to the development's website.