Colliers International has been retained on a multi-year basis as real estate advisor for Southwestern Energy (SWN), an independent, natural gas exploration and production company.
Charles G. Fertitta, Jr., principal & director, and Chris Nash, vice president, will lead the Colliers International team, which also includes Carrie Prati, as Southwestern Energy evaluates upcoming workplace strategy.
"The drive of SWN's people to discover new ways to fuel the future is exciting. I knew this was a company we wanted to represent from the first time we were introduced to the Southwestern Energy Formula: 'The right people, doing the right things, wisely investing the cash flow from the underlying assets, to create value;" said Chris Nash. "Colliers and SWN's partnership is an outstanding opportunity to incorporate tailored real estate advisory services to make an immediate impact as part of a long term plan.”
Southwestern Energy is headquartered in approximately 300,000 square feet in The Woodlands submarket of Houston, Texas, at 10000 Energy Drive. Engaged in natural gas, natural gas liquids and oil exploration, development and production, Southwestern Energy is among the largest energy producers in the United States, with primary operations in portions of Pennsylvania, West Virginia, and the Appalachian Basin.The Woodlands office submarket is the healthiest of Houston's major office hubs. Class A properties in The Woodlands office submarket boast a 90.3% occupancy rate and a higher than average asking rental rate. Year-to-date net absorption is positive, unlike the majority of the other office submarkets and leasing activity remains steady.