A Springwoods Village campus for Hewlett Packard Enterprise (NYSE: HPE) is scheduled to break ground in the fourth quarter of 2019, according to an Oct. 31 press release.
HPE has preleased 568,000 square feet for its new campus, which represents the largest office deal that has been executed in Houston this year, according to HBJ research. HPE was represented in its deal by Ronnie Deyo and Beau Bellow of JLL. Dennis Tarro of Patrinely Group, and Chrissy Wilson and Russell Hodges of JLL represented the landlord, per the release.

HPE Campus, Spring, TX

The Palo Alto, California-based company announced last November that it would move out of its existing Houston campus after unprecedented flooding two years in a row. The company planned to build a new facility to keep most of its Houston operations in the area, but it will relocate its manufacturing operations.
However, specific details were not finalized at the time.

Now, the developers behind CityPlace at Springwoods Village — Houston-based Patrinely Group, San Antonio-based USAA Real Estate and CDC Houston — have announced HPE will be the fourth major corporation with a campus in the mixed-use development. The other three existing or announced campuses are for Houston-based Southwestern Energy Inc. (NYSE: SWN), Houston-based American Bureau of Shipping and California-based HP Inc. (NYSE: HPQ). The former Hewlett-Packard Co. officially split into Hewlett Packard Enterprise and HP Inc. in November 2015, but they still both had operations at the former Compaq campus in Houston. ABS and HP Inc. are both scheduled to occupy their buildings this fall, according to marketing materials from Springwoods Village.

The HPE project will consist of two buildings with about 568,000 square feet of rentable space at the southwest corner of East Mossy Oaks Road and Lake Plaza Drive. Plans could include a fitness center, café and an adjoined open courtyard space, per the release.
“The city of Houston remains a top location for Hewlett Packard Enterprise,” Antonio Neri, president and CEO of HPE, said in the release. “We asked our employees what they were looking for in a new site. They wanted a vibrant setting, easy access to amenities and major highways, and a location close to their homes. CityPlace checked all of those boxes for us.”

CityPlace is a 60-acre development within Springwoods Village, a 2,000-acre master-planned community north of Houston. On Oct. 29, the developers also announced that 24 Hour Fitness has signed a long-term lease for a two-story, 38,000-square-foot facility in CityPlace. That project is expected to be complete in late 2019.
In early October, the 337-room Houston CityPlace Marriott opened as the community’s first full-service hotel. CityPlace developers also recently broke ground on a 50,000-square-foot, two-story building at 1401 Lake Plaza Drive, an adjacent 50,000-square-foot Star Cinema Grill and a

150,000-square-foot multitenant office building. Earlier this year, Houston-based developer Martin Fein Interests Ltd. finished construction on a 268-unit mid-rise apartment building, The Mark at CityPlace.

When complete, CityPlace is expected to include 4 million square feet of Class A office space and 400,000 square feet of retail. Springwoods Village is anchored by Irving, Texas-based Exxon Mobil Corp.’s corporate campus. Exxon Mobil (NYSE: XOM) moved into the 385-acre campus in mid-2015.
Jeff Hayeswith with New Quest Properties represented 24 Hour Fitness in its lease. Dennis Tarro of Patrinely Group and Nick Hernandez and Crystal Allen of Transwestern represented the landlord.

Reprint from The Houston Business Journal