Houston Business Journal | 06.28.2017
Throughout much of its time in Houston, London-based recruiting firm Spencer Ogden catered largely to the oil and gas industry. It served them well – Spencer Ogden opened its Houston office in 2011, and by 2012, the firm moved from CityCentre to 811 Main and doubled its staff.
Now, Spencer Ogden's tripling the size of its Houston office, but the growth isn't tied to work coming directly from the energy sector, according to David Bumby, head of Spencer Ogden's Houston operations.
In August, the firm will move into 12,000 square feet in GreenStreet at 1201 Fannin St., Bumby told the Houston Business Journal. It'll vacate its 4,000-square-foot space at BG Group Place at 811 Main when its lease expires that same month.
Specific revenues weren't disclosed, but Spencer Ogden's year-over-year revenue increased by $10 million in 2016, he said, due to demand from power generation businesses, private equity firms and other financial institutions that work within the energy industry. If oil and gas used to account for 65 percent of the firm's work, it's now responsible for around 15 percent, Bumby said.
"Genuinely, we’re just doing well," Bumby said. "We saw growth in other areas."
Spencer Ogden was founded in London in 2010; its Houston office was its first U.S. location and serves as its U.S. corporate headquarters, Bumby said. It's also the largest office Spencer Ogden has in the U.S., he said.
The firm will move into a former nightclub space, Bumby said. Spencer Ogden's open-concept offices are known, among other things, for featuring AstroTurf; its new Houston office will be "industrial cowboy," he said, and will include polished concrete floors, cowhide furniture and have an "old world Texas feel."
"It's going to be pretty crazy," Bumby said.
Houston-based Midway has been working since 2013 on $5 million in upgradesto GreenStreet, formerly known as the Houston Pavilions, in downtown Houston. Midway developed a new flex office concept, dubbed “The Concept,” that allows GreenStreet tenants to customize their workspace. GreenStreet will be anchored by Hotel Alessandra, which is set to deliver later this year. Midway couldn't be reached for comment.
The building permit filed for Spencer Ogden's move indicated the cost of construction as being $650,000.