Perry Homes, one of the largest homebuilders in Texas, signed a lease last year to relocate its corporate headquarters to Greenway Plaza’s Phoenix Tower in Houston’s Upper Kirby neighborhood.
Perry Homes is planning to relocate nearly 320 employees from 9000 Gulf Freeway, which was built in the 1980s in Southeast Houston near Pasadena and is owned by the homebuilder. The move into a mixed-use development in a central location is expected to help Perry Homes attract the talent pool it is targeting.
The lease earned a 2023 CoStar Impact Award, as judged by real estate professionals familiar with the market.
About the Project: Perry Homes hired Houston-based Transwestern to help with its real estate search and the companies spent two years searching for and negotiating a new lease — a process that started during the height of the COVID-19 pandemic. Perry Homes signed a lease for about 80,000 square feet on the three upper floors of the 629,000-square-foot building at 3200 Southwest Freeway. Perry Homes will be the largest tenant in Phoenix Tower and will get signage facing the Southwest Freeway as part of the deal.
What the Judges Said: "Going from a longtime location in an owner-user building in an outer submarket into an existing building in a core submarket, which is having occupancy challenges is very impactful to Greenway Plaza," said Matthew Goldsby, CEO of Belvoir Real Estate Group LLC.
They Made It Happen: Eric Anderson, Katy Gragg, John Heard, Larry Serota and Chase Bourdelaise of Transwestern represented the tenant.
