RYDER SCOTT SIGNS 58,762 SF LEASE RENEWAL AND EXPANSION AT 1100 LOUISIANA STREET
Houston, TX (June 27, 2012)
Ryder Scott, one of the world’s premier petroleum consulting firms that evaluates and certifies petroleum reserve quantities, has signed a long-term, 58,762-square-foot lease renewal and expansion at 1100 Louisiana in downtown Houston. Studley Senior Managing Director Kevin Hodges represented the firm in its transaction.
Ryder Scott, a tenant for the past 18 years, currently occupies the entire 37th and 38th floors, and a portion of the 44th floor, for a total of 56,309 square feet in the Class A office Tower. The firm will expand its footprint at the building to 58,762 square feet when it relocates to the 45th and 46th floors later this year.
“We are pleased that we were able to assemble three contiguous floors with additional space for growth while also taking advantage of some very attractive improvements installed by the previous tenant,” said Hodges.
Ryder Scott has retained Ed Bowerman of Studley to manage the relocation and oversee the construction of its leasehold improvements.
Founded in 1937, Ryder Scott is considered one of the most respected reservoir-evaluation consulting firms in the industry. The Houston-based firm also has branches in Denver and Calgary, Canada.