It’s 1 down and 2 to go for the properties comprising Shell Oil’s Bellaire Technology Center on Bellaire Blvd. A 3.2-acre slice leased by Shell for years is under contract for future redevelopment. The tech facility’s remaining 2 properties on the same megablock — one leased, one Shell-owned — will also hit the market as Shell ceases its 75-year presence in Southside Place later this year.
The oil company had announced in 2008 that it would close the center and relocate its operations to other facilities. City of Southside Place sources said the exodus ought to wrap up by the end of November.
Listed a month ago, 3747 Bellaire Blvd. (above) is at the west end of the block that stretches from Braes Blvd. to Poor Farm Ditch.Â The asking price was about $50 per sq. ft., Transwestern’s listing rep says. He had nothing to add about the buyer or plans for the property, which has 475 ft. of frontage on Bellaire and 300 ft. on Braes Blvd. It’s zoned (yes, zoned) for low-intensity mixed-use development. The transaction is expected to close by the end of the year.
And what of the adjacent property (above) at 3737 Bellaire Blvd.? The building is Shell’s original Bellaire Tech Center — also recently listed, realty sources say, by Cushman & Wakefield. The facility opened in 1936 as a geoprocessing center and sits on 5.5 Shell-owned acres mid-block. For many years, the simple shell-shaped logo in stone above the entrance served as the building’s only corporate cue.
Meanwhile, next door at 3727 Bellaire Blvd., another Shell-leased building (below) on 1.3 acres is not yet on the market, Transwestern’s rep reports. It’s owned by members of the same family as the listing under contract. Before Shell, the property was a lumber yard.
Together, the 3 properties formed a 9.7-acre campus of 2- and 3-story buildings. The lineup abuts homes on the north side of Gramercy St. in Braes Heights and a water tower serving West University.
- 3747 Bellaire Blvd. [Commgate]