Tetra Technologies has signed a lease for 61,975 square feet at 10000 Energy Drive in Spring, Texas, moving its headquarters from its current location at 24955 Interstate 45 North in The Woodlands. The deal was announced by Newmark, which represented the landlord, Spear Street Capital.
The new office space is located in the South Tower of a two-building campus totaling 564,000 square feet. Built in 2014, the property is about 26 miles north of downtown Houston and also houses Expand Energy, which occupies the entire North Tower.
Spear Street Capital acquired the property in 2019. For property tax purposes, it was valued at $142.7 million in 2025 according to appraisal district data.
Newmark’s David Baker, Elliott Hirshfeld and Kristen Baker acted as leasing agents for Spear Street Capital. Caleb Lawson of Flatrock Commercial Real Estate Group represented Tetra Technologies.
Houston’s office market has shown signs of recovery with two consecutive quarters of positive net absorption. In the third quarter alone, net absorption reached 639,000 square feet and brought the year-to-date total to 1.2 million square feet. Market vacancy stood at 26.3 percent at the end of the third quarter—a slight decrease from earlier in the year.
The decline in valuations for older office buildings has made buying more attractive than leasing for some companies. This trend has led to an increase in owner-user transactions and provided some momentum to Houston’s office sector.
“###
