Former HPE Campus in Northwest Houston has New Owner

JLL Capital Markets has closed the sale of the former Hewlett Packard Enterprise (HPE) campus, an approximately two million-square-foot, multi-building office/warehouse campus in northwest Houston, Texas.

JLL represented the seller, Hewlett Packard Enterprise, which has relocated their corporate campus to a new facility at CityPlace at Springwoods Village. Boyd Commercial represented the buyer, an affiliate of Mexcor International, who owns and occupies one of the adjacent properties and will immediately occupy a portion of the space.

The property consists of five office buildings, two manufacturing/distribution buildings and four additional buildings that house maintenance and/or amenity space. Completed between 1984 and 1988, the campus offers a park-like setting and features such as climate-controlled skywalks, a full-service cafeteria, fitness center, numerous employee lounge areas and conference rooms, coffee/snack bars and an outdoor covered pavilion with a kitchen area for events. The property also includes five parking garages, which along with surface lots provide a total of 5,229 spaces.

Located at 11445 Compaq Center West Dr., the former HPE campus sits on a 66-acre site at the intersection of State Highway 249 and Louetta Road. The campus is convenient to a variety of retail and dining options at nearby developments, including Vintage Park, a mixed-use project directly across the street, and Willowbrook Mall. The property also benefits from being equidistant from Grand Parkway and Beltway 8, which provide connectivity to Highway 290 and Interstate 45 for ease of commuting throughout the greater northwest Houston area and beyond.

The JLL Capital Markets team representing the seller was led by Kevin McConn, Rick Goings, Ronnie Deyo, Beau Bellow and Ethan Goldberg.

Mexcor International was represented by David Munson with Boyd Commercial.