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Patrinely to Develop New Campus for HP in Springwoods Village

Rendering of the new HP campus under development by Patrinely Group in Springwoods Village north of Houston.

Rendering of the new HP campus under development by Patrinely Group in Springwoods Village north of Houston.

HOUSTON – A 378,000-SF office campus for the HP computer firm will be developed in the Springwoods Village mixed-use project north of Houston.

The 2,000-acre Springwoods Village, developed by CDC Houston, is the site of the new 3 million SF Exxon Mobil campus.

The HP campus, where 2,400 HP employees will work, will be developed a joint venture led by Patrinely Group, a Houston firm led by Dean Patrinely, in conjunction with USAA Real Estate Co. and CDC.

Brandon Clarke, Charles Gordon, Alexander Somerville, Ryan Roth, and Andrew Zeplain of CBRE represented HP. Dennis Tarro of Patrinely Group and Chrissy Wilson of JLL represented the landlord.

The HP campus will be located on 12 acres near the intersection of Interstate 45 North and the Grand Parkway, near the Southwestern Energy headquarters building, which was developed by Patrinely Group a couple of years ago.

The HP campus – with a four-story and a five-story building – will be completed in the third quarter of 2018, Patrinely said. Construction will begin in early 2017.

The HP campus will be connected by a bridge to CityPlace Plaza, a lakefront public plaza designed as a gathering place for office workers, residents, and visitors, and a point of linkage to Springwood Village’s lake and park system, with trails connecting to the Spring Creek Greenway. The public plaza will include an activated open space and an amphitheatre for both private and public events.

“HP will be able to enjoy all of the first-class amenities we will offer within CityPlace, and Springwoods Village,” said Robert Fields, president and CEO of Patrinely Group. “Our clients are looking for new, state-of-the-art buildings in a vibrant upscale setting. We offer a compelling new address for corporations wishing to recruit and retain the brightest young talent from around the world.”

“We are proud to have Patrinely Group and CDC Houston as our development partners, and securing our second major build-to-suit office in Houston in 2016 for our venture is both rewarding and encouraging,” said Len O’Donnell, president and CEO of USAA Real Estate Company. In May, American Bureau of Shipping signed a prelease to occupy the office component of the new 326,800-SF CityPlace 2.

“With ExxonMobil, Southwestern Energy and CHI St. Luke’s open for business, and ABS and HP moving here, it is becoming clear that major employers are recognizing the benefits of Springwoods Village’s location and its high quality walkable and mixed use environment,” said Keith Simon, executive vice president of CDC Houston.

HP, which makes personal computers, printers and mobile devices, bought Houston’s Compaq Computer in 2002. The Compaq campus was located in northwest Houston.

Jan. 10, 2017 Realty News Report Copyright 2017

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