HOUSTON – (Realty News Report) – Apache Corp. will relocate its headquarters to Houston’s Westchase area where it has leased 328,000 SF of office space.
Apache, a major oil and gas company, is relocating from the Galleria area to the Briarlake Plaza development along the Sam Houston tollway in West Houston.Atlanta-based Cousins Properties acquired the two-building Briarlake property through its acquisition of TIER REIT in 2019.
“We are pleased to welcome Apache Corporation, a Fortune 500 oil and gas exploration and production company, to Briarlake Plaza,” said Colin Connolly, President and CEO of Cousins Properties. “This corporate headquarters relocation highlights the importance of premier workplaces in fostering employee collaboration and enhancing company culture.”
Apache is expected to occupy its expansion space by early 2024. Apache currently leases 210,000 SF in Briarlake Plaza. The new lease will expire in 2038.
“We are excited to move our corporate headquarters to Briarlake Plaza,” said Mark Maddox of Apache. “The customized space we will build out at Briarlake will facilitate employee connection, reduce drive times for the majority of our employees, and enhance the employee workplace experience.”
For years, Apache headquarters has been located in the Post Oak Central development on Post Oak Boulevard, just north of the Galleria. Post Oak Central, comprised of three office buildings totaling 1.2 million SF on a 17-acre site, is controlled by Parkway Property, which is owned by the Canada Pension Plan Investment Board. Apache’s lease of 524,342 SF in Post Oak Central expires at the end of 2024.
Apache’s move from the Uptown/Galleria area to West Houston is part of a trend. After the Covid outbreak, many office workers became accustomed to working from home. The long commutes to urban areas lost some appeal, so some companies have responded by moving to suburban workspace in Westchase, the Energy Corridor or North Houston.
In the Apache lease, Transwestern’s David Baker, Tyler Garrett and Katy Gragg represented Cousins, the landlord. Apache was represented by JLL.
Dec. 3, 2022 Realty News Report Copyright 2022
Photo: Courtesy of Transwestern.
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