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Vaalco Energy Leases 23,500 Square Feet At 2500 Citywest Boulevard In Houston For Five Years

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LEASED

Texas

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Office23,500 SF
Leased 10/01/2024
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LEASED

Vaalco Energy Leases 23,500 Square Feet At 2500 Citywest Boulevard In Houston For Five Years

2500 Citywest Boulevard

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Office23,500 SF
Leased 10/01/2024
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:23,500 SF
Transaction Type:Lease

The property involved in this transaction is located at 2500 Citywest Boulevard in Houston and is classified as an office space. It encompasses 23,500 square feet and is being leased by Vaalco Energy, which has expanded from a prior office space of 21,000 square feet.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 2500 Citywest Boulevard
  • Market: Houston
  • Lease Term: five-year
  • Landlord: Len O’Donnell - Affinius Capital
  • Tenant: George Maxwell & Lisa Ruiz - Vaalco Energy
  • Landlord's Representative: Win Haggard - Cushman & Wakefield
  • Tenant's Representatives: Audrey Selber & Joshua Brown - Newmark
  • Occupancy Rate: 82%

This lease agreement marks Vaalco Energy's relocation of its Houston headquarters, which was influenced by the company's increasing workforce and the amenities offered by the new building. The transaction was managed by representatives from Newmark and Cushman & Wakefield.

Players

Win Haggard Jr
3 deals
BROKER

Joshua Brown
Newmark
9 deals
BROKER

Audrey Selber
Newmark
6 deals(713) 499-4115
BROKER

Details

LEASED
IMAGE: Len O’Donnell, George Maxwell, Lisa Ruiz, Win Haggard, Audrey Selber & Joshua Brown DATE: 10/01/2024 ADDRESS: 2500 Citywest Boulevard MARKET: Houston ASSET TYPE: Office ~ SF: 23,500 LANDLORD: Len O’Donnell - Affinius Capital TENANT: George Maxwell & Lisa Ruiz - Vaalco Energy LANDLORD'S REP: Win Haggard - Cushman & Wakefield (@CushWake) TENANT'S REP: Audrey Selber (@AudreySelber) & Joshua Brown - Newmark (@Newmark) LEASE TERM: five-year NOTE: Vaalco Energy has relocated its Houston headquarters to a 23,500-square-foot space at 2500 CityWest Boulevard, expanding from its previous 21,000-square-foot office. The move, brokered by Newmark and Cushman & Wakefield, was driven by the company’s growing workforce and the building’s amenities, increasing the property’s occupancy to 82%.

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Deal Type
Effective Rent (Annual)

$1,347,005.82

Total Lease Value

$13,470,058.19

Net Landlord Cash Flow$1,347,005.82