{"id":1004671827,"date":"2023-07-12T01:39:43","date_gmt":"2023-07-12T09:39:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004671827"},"modified":"2023-07-12T05:07:14","modified_gmt":"2023-07-12T13:07:14","slug":"gulf-cos-relocates-houston-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gulf-cos-relocates-houston-hq\/","title":{"rendered":"Gulf Cos. Relocates Houston HQ"},"content":{"rendered":"
\"Eldridge<\/a>

Eldridge Oaks. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Global engineering firm Gulf Cos.<\/strong> has signed a 52,148-square-foot-lease at the Eldridge Oaks office building in Houston, which will host its new headquarters. Broadshore Capital Partners<\/strong> owns the 349,190-square-foot property.<\/p>\n

Gulf plans to move into the Class A building in April 2024, President & CEO Kent Wilfur said, in prepared remarks. JLL<\/strong> represented the tenant, while Stream Realty Partners<\/strong> assisted the landlord in the negotiations.<\/p>\n

The move marks a footprint downsize for Gulf. The firm currently occupies 115,000 square feet at 16010 Barkers Point Lane, a Class B office building owned by Silver Star Properties, CommercialEdge data shows.<\/p>\n

In recent months, Houston’s office market has begun to show signs of increased leasing activity. The metro’s vacancy rate, at 23.2 percent as of May, was 150 basis points lower on a year-over-year basis, according to a recent CommercialEdge report,<\/a> but still remained one of the highest in the U.S.<\/p>\n

Planned renovations<\/h2>\n

Eldridge Oaks rises 14 stories at 1080 Eldridge Parkway, adjacent to Terry Hershey Park in Houston\u2019s Energy Corridor. Completed in 2009, the property features 26,074-square-foot floorplates and a parking ratio of 4 spaces per 1,000 square feet, according to CommercialEdge information. Stream Senior Vice President Brad Fricks and Vice President Matt Asvestas are the appointed leasing agents.<\/p>\n

The LEED Gold Certified building is undergoing renovations this year as part of a multimillion-dollar capital improvement. Broadshore is working with Stream Houston, IA Interior Architects, OJB and O\u2019Donnell\/Snider Construction on the property upgrades that aim to create an environment that would focus on the health and wellness of its occupants.<\/p>\n

Planned and ongoing improvements include the addition of outdoor amenities, a conference center and on-site food services, as well as a complete update to the first- and second-floor lobbies. Renovations are expected to wrap up this fall.<\/p>\n","protected":false},"excerpt":{"rendered":"

The engineering firm will downsize when it moves to its new home in the Energy Corridor.<\/p>\n","protected":false},"author":3154,"featured_media":1004671832,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1589,21742,21747,51973],"tags":[47789,52091,32779,33358],"class_list":["post-1004671827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-houston","category-latest","category-office","category-southwest","tag-broadshore-capital-partners","tag-gulf-companies","tag-leed","tag-stream-realty-partners"],"acf":[],"yoast_head":"\nGulf Cos. 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