Downtown Moves

What financial meltdown? Profits soar for one Houston company as it upgrades to One Allen Center

What financial meltdown? Profits soar for one Houston company as it upgrades to One Allen Center

News_Caroline_Carrizo in One Allen Center_August 2011

While many of us have been watching our stocks dwindle these last few days, Houston-based Carrizo Oil & Gas, Inc. is sitting pretty.

After recording a double-digit increase in revenue in the second quarter, the company is planning a move from its current offices in Wells Fargo Plaza to a new, 95,000-square-foot space in One Allen Center.

The move, slated for December, will increase Carrizo's office size by 50 percent while keeping it downtown.

The Houston Business Journal reports that the company will occupy three and a half floors of the new building.