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|KBR Announces Plans to Expand Downtown Houston Headquarters|
|HOUSTON, Jan 27, 2010 (BUSINESS WIRE) -- KBR (NYSE: KBR) today announced plans to extend its lease and expand its presence in downtown Houston. The downtown expansion will replace previously announced plans to develop a KBR campus in West Houston. The new total of KBR leased space in downtown will be just over 1.2 million square feet at completion.
"After reviewing both market conditions and KBR's overarching business plan, it became clear that expanding our downtown presence was not only a good business decision, but also brings the added benefit of contributing to our City's continued downtown revitalization," said Klaudia Brace, KBR Senior Vice President, Administration. "KBR's 100 year history is built on roots that originated in downtown Houston and with this expansion we can build on that history while offering continued quality service to our Houston-based customers. While we are expanding our downtown footprint, our work and relationships in the broader Houston community will continue. KBR appreciates and acknowledges the support and efforts extended from the Greater Katy area during the company's West Houston planning."
Renovation planning for the expansion will begin next month with project work then scheduled to begin in the second quarter.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets. For more information, visit http://www.kbr.com.