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New Office Projects Announced in Springwoods Village

Rendering of new building that will be occupied by the American Bureau of Shipping.

Rendering of the new building that will be occupied by the American Bureau of Shipping in CityPlace.

HOUSTON – The American Bureau of Shipping is leaving Greenspoint to occupy a 10-story office building that will be constructed in Springwoods Village, where the transformative new Exxon Mobil campus is located just north of Houston.

The American Bureau of Shipping will occupy CityPlace 2, a 326,800-square-foot building, which will begin construction in early 2017.

CityPlace is a 60-acre mixed-use section of the 1,800-acre Springwoods Village, a development by CDC Houston along Interstate 45.

The master development venture for CityPlace, comprising Patrinely Group, USAA Real Estate Co. and CDC Houston, is developing the new building for the shipping organization. It will include 23,700 square feet of ground floor retail. Completion is set for late 2018.

Tim Relyea and Kevin Snodgrass of Cushman & Wakefield represented ABS. Chrissy Wilson of JLL and Dennis Tarro of Patrinely Group represented the landlord.

Additionally, CityPlace 1, a 149,600-square-foot office building is planned by the Patrinely Group, USAA Real Estate Company and CDC Houston venture. CityPlace 1, which will be located across from ABS’s new headquarters will include 122,700 square feet of office and 26,900 square feet of ground floor retail. The project is being actively preleased and can be available for occupancy in as little as 12 months.

“CityPlace is a phenomenal new urban center located at the nexus of Interstate-45, Grand Parkway and the Hardy Toll Road, directly across from Exxon Mobil’s new 385-acre campus. Patrinely Group, USAA Real Estate Company and CDC Houston are committed to making CityPlace the most accessible, premier 18-hour destination in Houston,” said Dean Patrinely, Managing Principal of Patrinely Group, the venture’s managing general partner. “We are delighted that ABS selected CityPlace, joining Exxon Mobil, Southwestern Energy and CHI St. Luke’s.”

The CityPlace mixed-use project is adding a major commercial element to Springwoods Village. At build-out, it will include 4 million SF of office space with 400,000 SF of integrated retail space, a full-service hotel and multifamily projects.

Patrinely Group selected JLL as the exclusive office leasing agent for CityPlace. Under the direction of Patrinely’s Dennis Tarro, JLL’s Chrissy Wilson is leading the leasing and marketing efforts. Transwestern Retail is the leasing agent for the retail space in CityPlace, with Nick Hernandez, Chace Henke and Crystal Allen leading the retail leasing program.

“With ExxonMobil’s campus (10,000 employees in 3 million SF of office space) and Southwestern Energy’s headquarters now open for business, and ABS moving to CityPlace, Springwoods Village is becoming a major employment center in the north Harris County,” said Keith Simon, executive vice president of CDC Houston. “This announcement, combined with the recent opening of the CHI St. Luke’s Springwoods Village Hospital as well as the progressing construction on The Mark CityPlace luxury apartments, provides an exciting momentum for us.”

May 31, 2016

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