HOUSTON – Carbo Ceramics, which supplies ceramic proppant (resin-coated sand) to fracking wells in the shale oilfields, has re-worked its headquarters lease in the Energy Corridor.
Carbo’s stock traded as high as $156 a share last summer but it is now trading for $30 a share and the company has announced layoffs.
Carbo amended and extended its lease of 27,259 square feet in the Energy Center II building, 575 North Dairy Ashford.
The lease, extended by 10 years through June 2026, has a revised base rate rent and provides a $500,000 allowance for tenant improvements. CBRE and Savills Studley are the brokers.
Energy Center II is a 300,000-square-foot building developed by Trammell Crow and Principal Real Estate Investors.