{"id":1004316545,"date":"2019-04-15T05:52:42","date_gmt":"2019-04-15T13:52:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004316545"},"modified":"2021-05-10T02:07:29","modified_gmt":"2021-05-10T10:07:29","slug":"patrinely-jv-sells-houston-area-hp-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/","title":{"rendered":"Patrinely JV Sells Houston-Area HP Campus"},"content":{"rendered":"
\"\"<\/a>

HP Plaza. Image courtesy of Patrinely Group<\/em><\/p><\/div>\n

A joint venture of Patrinely Group, USAA Real Estate and CDC Houston has sold the 378,402-square-foot HP Plaza in Spring, Texas. The new owner, Northridge Capital, took out a $121 million loan from Lincoln Financial Group to finance the acquisition, Yardi Matrix information shows. <\/p>\n

Patrinely Group developed the property for HP Inc. in 2018, which occupies the asset under a long-term lease signed in 2017<\/a>. Located at 10300 and 10400 Energy Drive, the two-building property is within CityPlace, a 60-acre mixed-use project in Springwoods Village, a master-planned community spanning across 2,000 acres.<\/p>\n

Building One encompasses 233,516 square feet while Building Two totals 144,886 square feet. HP Plaza is adjacent to Interstate 45 and less than 26 miles from downtown Houston. <\/p>\n

The asset features a variety of workspaces and includes common-area amenities such as a caf\u00e9 and a fitness center. Powered by renewable energy, the property is designed to achieve LEED certification.        <\/p>\n

\u201cHP Inc. was the largest office lease inked for 2016 in Houston,\u201d <\/em>said Robert Fields, president & CEO of Patrinely Group, in prepared remarks. \u201cThis transaction reinforces the strength of this new urban center in north Houston.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Patrinely Group teamed up with USAA Real Estate and CDC Houston to develop HP Plaza, located within CityPlace, a 60-acre mixed-use development in Springwoods Village.<\/p>\n","protected":false},"author":748,"featured_media":1004316866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21743,1589,21742,21747],"tags":[33949,42779,37187,36122,33948,44930],"class_list":["post-1004316545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-deals","category-houston","category-latest","category-office","tag-cdc-houston","tag-hewlett-packard","tag-lincoln-financial-group","tag-northridge-capital","tag-patrinely-group","tag-usaa-real-estate"],"acf":[],"yoast_head":"\nPatrinely JV Sells Houston-Area HP Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patrinely JV Sells Houston-Area HP Campus\" \/>\n<meta property=\"og:description\" content=\"Patrinely Group teamed up with USAA Real Estate and CDC Houston to develop HP Plaza, located within CityPlace, a 60-acre mixed-use development in Springwoods Village.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-15T13:52:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:07:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/HP-Campus_10300-Energy-Drive.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/\",\"name\":\"Patrinely JV Sells Houston-Area HP Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/HP-Campus_10300-Energy-Drive.jpg\",\"datePublished\":\"2019-04-15T13:52:42+00:00\",\"dateModified\":\"2021-05-10T10:07:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/patrinely-jv-sells-houston-area-hp-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/HP-Campus_10300-Energy-Drive.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/04\/HP-Campus_10300-Energy-Drive.jpg\",\"width\":800,\"height\":620,\"caption\":\"HP Plaza. 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