{"id":1004780967,"date":"2025-12-10T00:21:15","date_gmt":"2025-12-10T08:21:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004780967"},"modified":"2025-12-10T00:21:17","modified_gmt":"2025-12-10T08:21:17","slug":"energy-provider-inks-62-ksf-hq-lease-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/energy-provider-inks-62-ksf-hq-lease-in-houston\/","title":{"rendered":"Energy Provider Inks 62 KSF HQ Lease in Houston"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/10000-Energy-Drive-in-Houston.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004780969\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/10000-energy-drive-in-houston-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/10000-Energy-Drive-in-Houston-edited.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"10000 Energy Drive in Houston\" data-image-description=\"&lt;p&gt;Image courtesy of Yardi Matrix.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The office campus at 10000 Energy Drive comprises two 10-story buildings.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/10000-Energy-Drive-in-Houston-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/10000-Energy-Drive-in-Houston-edited.jpg\" alt=\"Exterior shot of 10000 Energy Drive, a 515,000-square-foot office campus in Houston.\" class=\"wp-image-1004780969\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/10000-Energy-Drive-in-Houston-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/12\/10000-Energy-Drive-in-Houston-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The office campus comprises two 10-story buildings, out of which the North Tower is entirely leased to Expand Energy. <br><em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Energy services company TETRA Technologies Inc. has signed a 61,975-square-foot headquarters lease at Spear Street Capital\u2019s 10000 Energy Drive, an office campus in Spring, Texas. <\/p>\n\n\n\n<p>Newmark brokered the deal on behalf of the ownership, while Flatrock Commercial Real Estate Group represented the tenant in the transaction. The deal ranks among this year\u2019s largest new office leases in the city.<\/p>\n\n\n\n<p>TETRA Technologies is relocating from its current headquarters at 24955 Interstate 45 North, where it occupied the entire 152,933-square-foot building, according to Yardi Matrix information.<\/p>\n\n\n\n<p>October saw Houston&#8217;s office average listing rates clock in at $27.49 per square foot, down 9.0 percent year-over-year and lower than the $32.81 national average, according to the <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-hybrid-work-fuels-lasting-metro-reshaping\/\">latest Yardi Matrix office report<\/a>. Meanwhile, vacancy rates in the city dropped to 20.2 percent during the same month, reflecting a significant 420-basis-point change over a 12-month period.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-leed-platinum-certified-campus\">A LEED Platinum-certified campus<\/h2>\n\n\n\n<p>The campus has been under Spear Street Capital\u2019s ownership since 2019, when the company purchased the asset from Southwestern Energy, with the help of a $144.6 million acquisition loan issued by Blackstone Group, Yardi Matrix shows.<\/p>\n\n\n\n<p>The 563,716-square-foot property came online in 2014, on a 13-acre site. Comprising two 10-story buildings, the LEED Platinum-certified campus features 40,000 square feet of indoor and outdoor conference space, a fitness center and a 1.1-mile nature path. These features align with current <a href=\"https:\/\/www.commercialsearch.com\/news\/green-building-trends\/\">green building trends<\/a> across the U.S., which are now able to quantify climate pledges into verifiable performances. TETRA Technologies will join Expand Energy in the tenant roster\u2014which occupies the entire 272,967-square-foot North Tower.<\/p>\n\n\n\n<p>Located just off Interstate 45 North, the campus is 28 miles south of downtown Houston. George Bush Intercontinental Airport is 17 miles away.<\/p>\n\n\n\n<p>Newmark Executive Managing Director\u00a0David Baker, Managing Director\u00a0Elliott Hirshfeld\u00a0and Director\u00a0Kristen Baker served as exclusive leasing agents, representing Spear Street Capital in the deal. Flatrock Commercial Real Estate Group Principal Caleb Lawson worked on behalf of TETRA Technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company downsized its office space by more than half.<\/p>\n","protected":false},"author":3619,"featured_media":1004780969,"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":[50999,33392],"class_list":["post-1004780967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-houston","category-latest","category-office","category-southwest","tag-newmark","tag-spear-street-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Energy Provider Inks 62 KSF HQ Lease in Houston - 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