1061 Post Oak Blvd$23.12 – $28.15/SF/yr FS
Pioneer Place
148,000 SF of Office space available at 2831 Westheimer Rd, Midland, TX 79701. For Lease through Frontier Commercial.
For LeaseStatus
148,000 SFAvailable
$25.60/SFAsking rent
1998Year built
AClass
Property facts
| Property type | Office |
|---|---|
| Building class | A |
| Rentable area | 815,100 SF |
| Available | 148,000 SF |
| Stories | 61 |
| Year built | 1998 |
| Typical floor | 13,362 SF |
| Lot size | 0.41 acres |
| Parking ratio | 1.5/1,000 SF |
| Occupancy | 81.8% |
| Zoning | D-1 |
| Parcel ID | 75-445-9610 |
| Submarket | Midland |
| Market | Midland-Odessa |
| Days on market | 673 |
| Walk Score | 39 |
| Transit | Highway access I-635 |
| Listing package | Silver |
Building amenities
24 Hour Access, Fitness Center, LEED Gold, Security System, Roof Terrace, Signage, Bike Storage
Spaces available
| Floor | Use | Type | Size (SF) | Asking rent | Term | Status |
|---|---|---|---|---|---|---|
| P 13th | Coworking | Direct | 40,750 | $22.79/SF | 5 Years | Nov 2025 |
| P 5th | Coworking | Direct | 36,290 | $29.70/SF | Negotiable | Vacant |
| P 20th | Coworking | Direct | 2,750 – 10,360 | On request | 3-10 Years | Vacant |
| P 53rd | Medical | Direct | 2,350 – 11,050 | $23.24/SF | Negotiable | Jan 2027 |
| P 45th | Retail | Direct | 3,940 – 7,510 | On request | Negotiable | Vacant |
| P 39th | Coworking | Direct | 17,990 | On request | Negotiable | Vacant |
| P 30th | Medical | Direct | 2,900 – 9,400 | $22.16/SF | 5 Years | Vacant |
| P 25th | Medical | Sublet | 2,770 | $29.21/SF | Thru Oct 2029 | Vacant |
| P 3rd | Office | Direct | 4,620 | On request | Negotiable | Vacant |
| P 51st | Office | Direct | 4,160 – 7,260 | On request | Thru Oct 2029 | Vacant |
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Halverson Engineering | Education | 51 | 123,750 | 2026-01-01 |
| Ironclad Insurance | Technology | 23 | 158,410 | 2028-10-01 |
| Lumen Biosciences | Healthcare | 21 | 69,440 | 2031-09-01 |
| Orbit Media Group | Non-Profit | 53 | 194,010 | 2034-05-01 |
| Vector Dynamics | Financial Services | 19 | 50,810 | 2019-01-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-01-04 | $174.39M | $213.95 | 8.42% | Potomac Realty Trust | Lakeshore Realty Trust |
| 2023-12-22 | $145.8M | $178.87 | 4.70% | Quarry Point Partners | Thornfield Investments |
Public record
| Owner of record | Marlowe Family Office |
|---|---|
| Assessed value | $151.98M |
| Land value | $26.37M |
| Improvement value | $125.61M |
| Annual tax | $3.45M |
| Tax year | 2026 |
| Lot size | 17,859 SF |
| Last deed | 2020-03-08 |
| Deed type | Bargain and Sale Deed |
| Legal description | LOT 25 BLK 104 MIDLAND ADDN |
Location
2831 Westheimer Rd
Midland, TX 79701
Midland submarket · Midland-Odessa market
31.94341, -102.08543
Open in RealStarListing package
Silver — Priority placement above all free listings.
Priority placement above every free listing, expanded photo set, full space-by-space availability table and a monthly performance report.
Compare packages →Similar office properties in Midland, TX
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