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AspenTech Flees to 100,000 SF of Class A Space

HOUSTON-Under the wire to vacate its five-year-old build-to-suit, AspenTech signs a medium-term lease for 2500 Citywest Blvd. The just-signed deal allows AspenTech to get out the door by July's end so Citgo can start moving the HQ from Tulsa, OK.

By Jennifer Brenner Andrade | Updated on June 18, 2004

HOUSTON-AspenTech has grabbed 100,000 sf of class A space at 2500 Citywest Blvd. in a fast-paced move to vacate a longtime address to make room for Houston’s newest corporate headquarters tenant, Citgo. AspenTech is under the gun to relocate by July’s end.

Robin Swanger, AspenTech’s marketing director, tells GlobeSt.com that a medium-term lease has been signed for four full floors–4, 14, 15, and 16–in a 25-story, 574,000-sf office building owned by Chicago-based Equity Office Property Trust. She says the relocation will be done by the deadline.

The Cambridge, MA-based AspenTech has relinquished a master lease for a five-year-old build-to-suit, the 250,000-sf Eldridge Green at 1293 Eldridge Parkway in the Energy Corridor. Nine days ago, Citgo Petroleum Corp. announced a plan to take over Eldridge Green in a corporate headquarters relocation from Tulsa, OK.

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