{"id":8690,"date":"2023-08-10T13:29:20","date_gmt":"2023-08-10T13:29:20","guid":{"rendered":"https:\/\/www.lee-associates.com\/houston\/?p=8690"},"modified":"2023-08-10T13:30:20","modified_gmt":"2023-08-10T13:30:20","slug":"schlumberger-inks-1-million-square-foot-lease-in-shreveport","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/houston\/2023\/08\/10\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\/","title":{"rendered":"Schlumberger Inks 1 Million+ Square Foot Lease In Shreveport"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-8691\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-512x268.jpg\" alt=\"\" width=\"512\" height=\"268\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-512x268.jpg 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-1280x669.jpg 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-768x401.jpg 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-1536x803.jpg 1536w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-2048x1070.jpg 2048w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/p>\n<p>August 10, 2023 (HOUSTON) &#8211; Lee &amp; Associates \u2013 Houston, a nationwide leader in commercial real estate services, announces its latest industrial transaction with a wholly-owned subsidiary of Schlumberger Limited, at 7600 Antoine in Shreveport, LA. Justin Tunnell, SIOR, Principal, Lee &amp; Associates \u2013 Houston, represented Schlumberger in the 1.1 million square-foot manufacturing space on 102 acres. As part of this \u201cmajor economic development\u201d, the company plans to invest over $18.5 million into the location and expects to be operating in 2024.<\/p>\n<p>The seven-year lease with the Shreveport Business Park involves the renovation and occupation of the former General Motors plant, which has been partially vacant since 2012. Thanks to the facility\u2019s heavy power capabilities and structural design, Schlumberger will be able to adapt and utilize the site for advanced, digital infrastructure manufacturing.<\/p>\n<p>\u201cSecuring a property of this size with the specifications required was a complicated task,\u201d said Tunnell. \u201cThe search was expanded nationwide, looking for properties with enough structural flexibility to allow for multiple types of high-tech manufacturing components under one roof. Special thanks to the Schlumberger operations and asset management teams for providing the support and responsiveness needed to get a deal of this size and complexity done.\u201d<\/p>\n<p>\u201cWe are excited to utilize this asset to expand Schlumberger\u2019s product offerings and to be bringing jobs back to the Shreveport community,\u201d said Randal Vaughn, Real Estate Manager, Schlumberger. \u201cThis specific requirement proved to be one of the more difficult assignments we\u2019ve charged Justin with, and he did a great job as always.\u201d<\/p>\n<p>Shreveport is known as the commercial center for the three-state region (LA, ARK, TX) and supports major industries, including petroleum, natural gas and chemicals. Its location was a major benefit to the transaction.<\/p>\n<p>Schlumberger\u2019s investment is expected to create nearly 600 new, direct jobs with an annual payroll of more than $50 million over the next three years and 749 indirect jobs in the region.<\/p>\n<p><strong>About Le<\/strong><strong>e &amp; Associates &#8211; Houston<\/strong><br \/>\nLee &amp; Associates \u2013 Houston is a fully-integrated commercial real estate company with unrivaled market knowledge and an unwavering commitment to integrity and excellence. Our business-minded brokers specialize in office, industrial and land real estate investments. Lee &amp; Associates \u2013 Houston is part of a nationwide network of brokers in more than 65 offices in North America. The brokerage is uniquely qualified to support our clients\u2019 real estate needs in Houston, across Texas and throughout the US. For more information, visit\u00a0<a href=\"https:\/\/www.lee-associates.com\/houston\/\">lee-associates.com\/houston<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 10, 2023 (HOUSTON) &#8211; Lee &amp; Associates \u2013 Houston, a nationwide leader in commercial real estate services, announces its latest industrial transaction with a wholly-owned subsidiary of Schlumberger Limited, at 7600 Antoine in Shreveport, LA. Justin Tunnell, SIOR, Principal, Lee &amp; Associates \u2013 Houston, represented Schlumberger in the 1.1 million square-foot manufacturing space on 102 acres. As part of this \u201cmajor economic development\u201d, the company plans to invest over $18.5 million into the location&#8230;<\/p>\n","protected":false},"author":38,"featured_media":8691,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-8690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Schlumberger Inks 1 Million+ Square Foot Lease In Shreveport - Lee &amp; Associates | Houston<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/houston\/2023\/08\/10\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Schlumberger Inks 1 Million+ Square Foot Lease In Shreveport\" \/>\n<meta property=\"og:description\" content=\"August 10, 2023 (HOUSTON) &#8211; Lee &amp; Associates \u2013 Houston, a nationwide leader in commercial real estate services, announces its latest industrial transaction with a wholly-owned subsidiary of Schlumberger Limited, at 7600 Antoine in Shreveport, LA. Justin Tunnell, SIOR, Principal, Lee &amp; Associates \u2013 Houston, represented Schlumberger in the 1.1 million square-foot manufacturing space on 102 acres. As part of this \u201cmajor economic development\u201d, the company plans to invest over $18.5 million into the location...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/houston\/2023\/08\/10\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\/\" \/>\n<meta property=\"og:site_name\" content=\"Lee &amp; Associates | Houston\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LeeAssociatesHouston\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-10T13:29:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-10T13:30:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2023\/08\/SBP-aerial-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1338\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lee Houston\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LeeAssociateHOU\" \/>\n<meta name=\"twitter:site\" content=\"@LeeAssociateHOU\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Houston\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2023\\\/08\\\/10\\\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2023\\\/08\\\/10\\\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\\\/\"},\"author\":{\"name\":\"Lee Houston\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/#\\\/schema\\\/person\\\/0273ca7e9ef7308228898cdde7785c81\"},\"headline\":\"Schlumberger Inks 1 Million+ Square Foot Lease In Shreveport\",\"datePublished\":\"2023-08-10T13:29:20+00:00\",\"dateModified\":\"2023-08-10T13:30:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2023\\\/08\\\/10\\\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\\\/\"},\"wordCount\":406,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2023\\\/08\\\/10\\\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/wp-content\\\/uploads\\\/sites\\\/80\\\/2023\\\/08\\\/SBP-aerial-scaled.jpg\",\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2023\\\/08\\\/10\\\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/houston\\\/2023\\\/08\\\/10\\\/schlumberger-inks-1-million-square-foot-lease-in-shreveport\\\/\",\"name\":\"Schlumberger Inks 1 Million+ Square Foot Lease In Shreveport - Lee &amp; 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