Houston—Patrinely Group, USAA Real Estate Co. and CDC Houston announced that HP Inc. has signed a long-term lease for a new 12-acre campus in Springwoods Village, the 2,000-acre, mixed-use development located near Interstate 45 and the Grand Parkway, north of Houston. HP will benefit from 378,000 square feet in two office buildings. The tech company’s campus will be situated east of CityPlace at Springwoods Village, another Patrinely Group-led venture development.
“HP will be able to enjoy all of the first-class amenities we will offer within CityPlace and Springwoods Village,” Robert Fields, president & CEO of Patrinely Group, said in prepared remarks. “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.”
The project will begin construction in early 2017 and is slated for completion in the third quarter of 2018. The technology firm will house approximately 2,400 employees in the new offices. Moreover, the two developments will be connected by a bridge to CityPlace Plaza, a lakefront public square designed as a gathering place for office workers, residents and visitors that will include an activated open space and an amphitheater for private and public events. In addition, the HP campus will be connected to Springwoods Village’s lake and park system, with trails linking to the Spring Creek Greenway.
“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,” added Keith Simon, executive vice president of CDC Houston.
Brandon Clarke, Charles Gordon, Alexander Somerville, Ryan Roth and Andrew Zeplain of CBRE represented HP, while Dennis Tarro of Patrinely Group and Chrissy Wilson of JLL represented the landlord.
Image courtesy of Springwoods Village