Oil and gas giant EOG Resources has signed paperwork to move its Denver office from Upper Downtown to LoDo.
The Houston-based public company, a spinoff of the infamous Enron Corp., has leased 100,000 square feet at 1550 17th St., just a block from Union Station, according to public records.
The 17-year-long lease will commence at the start of 2026, with two five-year renewal options when the term expires in June 2043, the documents state. The 138,000-square-foot building currently known as Millennium Financial Center will be renamed the EOG Resources Building.
EOG declined to comment. The lease memorandum is dated July 18, two days after BusinessDen reported the deal was in the works. It is one of downtown’s largest leases this year.
The move will be a downsizing for EOG. The company currently has about 165,000 square feet in the Dominion Towers office complex at 600 17th St. Its lease there comprises about a quarter of the building and expires at the end of next year.
The oil and natural gas producer was founded in 1999. It raked in $23.7 billion in revenue last year and has a market capitalization of nearly $60 billion.
The six-story, 25-year-old Millennium Financial Center was the longtime home of law firm Davis Graham & Stubbs, which moved to RiNo last year. Fortis Bank, which operated on the first and second floors for years, has taken space in the Denver Tech Center and no longer lists the building on its website; its signage has been removed from the property.
JLL, which is marketing the building’s office space for lease, lists the only vacancy on the second floor, spanning 16,320 square feet. EOG’s lease allows it to take that space through 2027.
Permitting records show the building’s owner, LPF Millennium Financial Center LLC, is spending $2.6 million to remodel the lobby and an additional $350,000 on exterior building work.
Read more from our partner, BusinessDen.
Get more business news by signing up for our Economy Now newsletter.
