Former HPE campus in northwest Houston has new owner
JLL Capital Markets led the sales efforts for the two million-square-foot office/warehouse property
HOUSTON, Mar. 31, 2022 – JLL Capital Markets announced today that it 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 Rd. The campus is convenient to a variety of retail and dining options at nearby developments, including Vintage Park, an upscaled 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.
“We are excited to continue our investments in Northwest Houston and expand our campus footprint. This purchase of 66 acres and 2,050,000 square feet – in addition to our acquisition two years ago of the adjacent 28-acre facility with a 250,000-square-foot headquarter office and warehouse space represents our long-term optimism and commitment for our community. The combined 94-acre campus will position MEXCOR for continued growth of our distribution and logistics operations and also diversify into various technology driven ventures. I would like to thank HPE, JLL and Boyd for making this a smooth transaction. Our purpose is to elevate consumer experience when celebrating with our alcoholic beverage brands,” said Eduardo Morales, MEXCOR’s CEO.
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.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 98,000 as of December 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Mexcor Enterprises
Mexcor is a beverage and spirits company that has a substantial national sales network, currently extending to 50 states and we directly distribute thousands of items in Texas, Louisiana, Florida and California. Home to over 2,000 different brands, our diversity and unique portfolio are unmatched. For additional information, please visit: mexcor.com.