Exxon Mobil campus ‘clearly happening’
Houston Business Journal - by Jennifer Dawson
Harris County Improvement District No. 18 was created in 2009 by the Texas Legislature for the 1,500-acre site west of Interstate 45 at the Hardy Toll Road.
Trey Lary, an attorney with Allen Boone Humphries Robinson LLP, says his firm was hired by Coventry to create the district in the last legislative session.
He notes such a district is the common structure set-up for land development in Texas.
The CIA angle
Movement is also stirring in Virginia, where some 7,000 former Mobil Corp. employees in Fairfax could be part of the local consolidation.
Mobil moved corporate headquarters from New York to the Fairfax campus in 1987, prior to merging with Exxon.
According to the Washington Business Journal, Exxon employees in Virginia reportedly told real estate sources there that the company has been moving senior-level employees from the 130-acre Fairfax campus to Texas.
Real estate brokers in the Fairfax area also say Exxon employees have told them the Central Intelligence Agency is interested in acquiring the site, with its large tree-lined setbacks from the road.
Other sources say the CIA angle is a long-standing urban myth at Exxon.
While the latest Exxon campus consolidation rumors appear to have legs, an earlier effort failed to come to fruition.
In the early 1980s Exxon planned to consolidate employees in Conroe, but shelved the project after the oil bust.
jdawson@bizjournals.com • 713-395-9631 Melissa Castro and Sarah Krouse at the Washington Business Journal, an affiliated publication, contributed to this story.
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