Houston Real Estate News: HP Makes Large Land Purchase For New Facility

HP Headquarters

HP Headquarters

Good news for four Houston suburbs was released today.  Hewlett-Packard Co. purchased 97 acres just outside of Hockley.  The land purchase was 38 miles Northwest of downtown Houston and just 18 miles from the main Houston campus.  The land purchase was made in preperation for a new $250 million facility.  This expansion could mean reduced commutes for residents of Cypress, Tomball, Magnolia and Hockley.

HP bought the acerage from John Beeson of John Beeson Proerties and Monzer Hourani of Medistar Corporation.  HP is the first to buy land in a Northwest 389 acre industrial park that Beeson and Hourani are planning just Northwest of Houston.  The property is located near Highway 290 and Betka Road.   The development, which still does not have a name, is being established because of an increasing demand for industrial and light industrial space in the area, Hourani says.

22 Responses

  1. Jim Boyer Morristown NJ (1 comments.) Says:

    Congrats, hopefully HP will be brining some good paying jobs to your area. I am sure it would be welcome.

  2. Mike in Fort Worth (3 comments.) Says:

    Dell made a big land purchase in North Fort Worth but never did anything with it. I think they have sold it now. We have a big mall going in in the same area now.

  3. admin Says:

    Hi Mike,

    Thanks for comming by the blog. Sorry to hear that Dell didn’t make use of that land in a way that would add to your job market.

  4. Jayson (1 comments.) Says:

    Finally! Some good news…I’m glad to hear that HP is still planning on doing business. It seems like most companies have halted everything. Texas seems to be the “best performing” state of the decade so far.

  5. admin Says:

    Jayson,

    Well I believe Texas will be just fine as long as oil stays above $40 a barrel.

  6. Scott (1 comments.) Says:

    Very good incentive to the area for a lot of new jobs. Houston is a hot market right now.

  7. Mike Pannell ( Fort Worth Realtor) (4 comments.) Says:

    No problem they have since sold the property to a open air mall and they are starting to move around the dirt a bit.

  8. Sam Dodd (1 comments.) Says:

    From one realtor to another. You should be trying to figure out who handles relocations for HP right now and start smoozing him or her! This could be a gold mine for you in the near future. :)

  9. Mike in Dallas (4 comments.) Says:

    I agree with Sam. You need to get on buying someone lunch lol

  10. Jen in Ann Arbor(new comment) Says:

    Bwah! Excellent point, Sam and Mike! I hope that good things come from this HP land purchase for the Houston area.

  11. myrtle beach condos(new comment) Says:

    sounds like a great oppurtunity for an investor to buy

  12. Avanta Meeting rooms(new comment) Says:

    Hey Mike,It really seem to be a good idea, but DELL had a similar proposition but never went far though!1

  13. hamilton business broker(new comment) Says:

    I would tend to agree… seems like a good opp. to buy, wouldn’t you say.

  14. myrtle beach condos(new comment) Says:

    sounds like good news

  15. Daphne Lacey(new comment) Says:

    I agree with Sam and the others…I would be trying really hard to get some relo business out of this. Good luck with it!!

  16. Colleen Lane(new comment) Says:

    It sounds as if this purchase by HP will improve the area for locals and might also people in!

  17. Ashlee FW(new comment) Says:

    Hope it all works and you can get some relo business out of it.

  18. Mary(new comment) Says:

    Its nice to see HP moving forward with a new facility. It seems the economy is finally turning a corner. Thinks for now seem to be finally looking up.

  19. Waterfront Real Estate(new comment) Says:

    Sounds like this is a great opportunity for both yourself and your community as a whole. Great to hear some positive business news.

  20. Dotti Driver(new comment) Says:

    That’s really good news. Congratulations–Texas likes high tech companies.

  21. Wohnen auf Zeit(new comment) Says:

    This is pretty much what we expected.Really this is a good news for us.

  22. Cary NC Real Estate(new comment) Says:

    That’s great! It should bring a whole lot of additional jobs to the area as well. It’s good to hear that something positive is happening in our economy!

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.