Hewlett Packard Enterprise Sells Houston Campus

An affiliate of Mexcor, a growing national beverage and spirits company, has acquired the former Hewlett Packard Enterprise campus in northwest Houston that spans 2 million square feet and includes five office buildings and two manufacturing/distribution buildings. The sale price was not disclosed.

JLL Capital Markets represented the seller, HPE, which recently relocated to a new campus at CityPlace, a 60-acre mixed-use project in Springwoods Village, a master-planned community in the Houston suburb of Spring, Texas.

A joint venture between Patrinely Group, USAA Real Estate and CDC Houston broke ground on the HPE properties in February 2020. The 11.7-acre site has two interconnected buildings with about 440,000 square feet of space and a parking structure with more than 2,000 spaces.

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Located at 11445 Compaq Center West Drive, the former HPE campus is situated on 66 acres at the intersection of State Highway 249 and Louetta Road. Completed between 1984 and 1988, the campus also has four buildings that house maintenance and/or amenity space.

11445 Compaq Center West Drive. Image courtesy of JLL

There are about 1.3 million square feet of industrial space and 727,400 square feet of office space, according to CommercialEdge data. Features include climate-controlled skywalks, a full-service cafeteria, a fitness center, numerous employee lounges and conference rooms, coffee/snack bars and an outdoor pavilion with a kitchen area for events. The property has five parking garages, which along with surface lots provide about 5,300 spaces.

Mexcor plans

Mexcor will immediately occupy a portion of the space. In May 2021, Mexcor moved its corporate headquarters to an adjacent 28-acre property at 11177 Compaq Center West Drive. Established in 1989, the company imports and distributes more than 4,900 brands of spirits and wine from over 80 countries to 46 U.S. states. The 250,000-square-foot facility at 11177 Compaq Center West Drive contains a warehouse for the company’s direct imported products as well as a temperature-controlled warehouse for its liquor, wine and beer inventory.

Eduardo Morales, Mexcor CEO, said in a prepared statement the combined 94-acre campus will position Mexcor for continued growth for its distribution and logistics operations and allow it to diversify into various technology-driven ventures. He said the purchase of the former HPE campus and the earlier acquisition represents the company’s long-term optimism and commitment to the community.

David Munson with Boyd Commercial represented Mexcor.

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