Houston-based HPI Holdings has purchased a collection of office and industrial buildings in the Greenspoint area including the headquarters of its HPI rotating equipment business.
The property, which consists of 34 buildings totaling nearly 865,000 square feet, will be renovated and repositioned as Hardy Properties at Intercontinental.
Caldwell Brokerage Co. will assist in the renovation and has been hired to handle leasing and property management. The buildings are situated along West Hardy Road near the North Sam Houston Tollway near Bush Intercontinental Airport.
“The strategic placement of this business park, with its easy access to Bush Intercontinental Airport and close proximity to many of the new energy campuses being constructed for oil and gas companies along I-45 makes it an especially ideal location,” Hal Pontez, owner and CEO of HPI Holdings, said in the announcement.
Bill Ginder, past chair of the Greenspoint Chamber of Commerce, is part of the Caldwell team working on the assignment.
“The rebranding and renovation of this portfolio will be of tremendous appeal to the many tenants seeking various space and growth options in leasing office/warehouse space near the airport,” Ginder said.
HPI Holdings has a diverse portfolio of business and real estate interests. Among its holdings is HPI, a provider of rotating equipment solutions for the oil and gas, power generation, marine and other industries.
Headquartered at 15503 West Hardy Road, HPI is among the largest privately-held companies in Houston with revenue of $137 million in 2014, according to the Chronicle 100. Pontez was a finalist for the EY Entrepreneur of the Year for the Gulf Coast area in 2014.