Investors Build in Greenspoint Again

Yesterday, KDC and Sarofim Realty Advisors broke ground on a 69k SF build-to-suit HQ for Lennar Homes. It’s in Greens Crossing Office Park, across from the current Lennar offices, and will be the first investor-owned new office development in Greenspoint in six years, says KDC Houston partner William Peeples. Lennar first sought space in an existing property, but couldn’t find anything that suited its planned 5k SF design center (it’ll showcase Village Builders’ latest home products).

The build-to-suit is on a fast-track timeline, and will deliver next October. Employees will enjoy the adjacent five-acre detention pond with walking trail and extensive landscaping. Powers Brown is architect, Rosenberger is GC and Halff is the civil engineer. CBRE’s Jerry Frey, Ron McWherter and Darren Gowell repped Lennar and Cassidy Turley’s JP Hutcheson repped KDC and Sarofim.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Houston Newsletters
Related Stories

SFF Realty Partners Extends Spending Spree With $82M Acquisition In Downtown San Jose

Drawbridge Realty Acquires 180K SF Office Building In Sunnyvale For $219M

Downtown Los Angeles Retail, Office Hub The Bloc Up For Sale

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Interest Rate Hike Douses Outlook For Atlanta Developers

Chicago Office Deals Feature More Scrutiny, Added Tenant Protections

Tishman Speyer Retakes Chrysler Building, Plans $235M Renovation

Activist Investor Buys Stake In Empire State Building Owner

San Francisco Office Market Climbs, Fueling Demand For Large Blocks, Luxury Space

Affinius Relinquishes Big Office Building Next To Capital One Arena

One Thomas Circle, The Elevated Workplace For The Way D.C. Works

Hedge Fund Breaks NYC Record With $375-Per-SF Office Lease