Tetra Technologies is swapping its digs in The Woodlands for an office a few miles south in the Houston suburb of Spring.
The consulting and engineering firm signed a deal to occupy 61,975 square feet of office space at 10000 Energy Drive, according to a press release from Newmark, which represented the landlord, Spear Street Capital. Tetra Technologies’ current headquarters is at a seven-story, 171,000-square-foot office building at 24955 Interstate 45 North. It was built in 2008.Â
Newmark’s David Baker, Elliott Hirshfeld and Kristen Baker are the leasing agents for San Francisco-based Spear Street. Tetra Technologies was represented by Flatrock Commercial Real Estate Group’s Caleb Lawson.Â
Tetra Technologies will occupy space in the South Tower of the two-building, 564,000-square-foot office property. The campus was built in 2014, and is about 26 miles north of downtown Houston. It’s also home to Expand Energy, which has a full-building lease at the 279,000-square-foot North Tower.
Spear Street bought 1000 Energy Drive in 2019, deed records show. It was valued at $142.7 million for property tax purposes in 2025, according to appraisal district data.Â
Houston’s battered office market is continuing its slow recovery, logging a second consecutive quarter of positive net absorption in the third quarter. That number increased to 639,000 square feet, Newmark reported, bringing the year’s total net absorption of office space to 1.2 million square feet. Partners Real Estate put the market vacancy at 26.3 percent at the end of the third quarter, a slight dip from the previous quarter.Â
There’s a bright side to the distress that’s befallen Houston’s aging office buildings. Valuations have dropped for these older properties to the extent that buying is more appealing than leasing for some office users. As a result, the number of owner-user deals has risen, providing a much needed boost to the sluggish market.
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