A growing North Texas-based energy firm with holdings in the Midland Basin has decided to relocate its corporate office in Irving to accommodate its expanding footprint in the Lone Star state.
Guidon Energy LLC, an oil and gas company founded in the Midland Basin, has signed a long-term lease totaling 22,360 square feet to occupy the entire 13th floor at The Summit at Las Colinas at 545 E. John Carpenter Freeway in Irving.
The Irving office tower's quality and amenities fit the needs of the firm, which plans to continue to expand its business and employee base, said President and CEO Jay Still.
Last year, Guidon Energy partnered up with Blackstone Energy Partners, an affiliate of Blackstone (NYSE:BX), to build a significant shale development firm in the Midland Basin. At the time, the duo acquired 22,000 acres in the core of Martin County.
In all, the energy firm is in the process of developing about 33,000 gross acres in Martin County.
Robert Blount of CBRE represented Guidon Energy in its new lease. Kirby White of Gemini Rosemont represented the landlord in the real estate deal.
The energy firm plans to move into its new headquarters to the 13th floor of the 19-story office tower the first quarter of 2018. Guidon Energy will move from its current office at 400 E. Los Colinas Blvd. in Irving.
The Irving-Las Colinas submarket was expected to be one of the top performing office submarkets in the region this year, in part, because landlords have the available space for tenants seeking alternatives to higher-priced submarkets, such as Uptown, Preston Center or Far North Dallas.
Presented by Dallas Business Journal, November 8, 2017