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HOUSTON-Locally-based Vaalco Energy has renewed its lease for 8,700 sf at 4600 Post Oak Place in the Galleria. The firm has been in the two-story, atrium style building for about a decade.

Jon Silberman of the Houston office of NAI Partners represented the tenant. Janet Oliver was the in-house representative for the building owner. The brokers refused to release terms of the deal.

The 87,000-sf, 29-year-old building has been owned by Canadian-based Unilev Management Corp. since 1995, according to Harris County records. Average lease rates in the Galleria as of the third quarter are $20.21 per sf. The submarket has a 15% vacancy rate.

Vaalco is an independent energy company whose primary business consists of the acquisition, exploration, development and production of crude oil and natural gas.

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