This tract includes a 15,035 SF, one-story, suburban office building located at 21128 Spring Town Drive in the north Houston/Spring, Texas. The improvements were constructed in 2000 and are situated on a 1.590-acre site. The property also includes a 3.013 acre excess land tract that is being utilized as a parking lot for the current business operations of the owner.
The north Houston/Spring trade area is currently very active in terms of both residential and commercial development. This growth is highlighted by the now open Exxon Mobil campus one mile north of the subject site. The campus is home to Exxon’s Upstream and Chemical divisions with 10,000+ employees. In addition to Exxon Mobil, Hewlett Packard and ABS have committed to build offices that are projected to employ 3,600+ people. The campus is located within Springwoods Village, a 2,000 acre master planned community with retail, dining, offices, hospitals and a 5,000+ homes at build out.
Within a 3 mile radius of the subject site there are numerous grocery and retail anchored developments in various phases of development. This growth is highlighted by the 100 acre, 400,000 SF Grand Parkway Marketplace I & II. Residential growth is highlighted by the communities of Harmony Village, Springwoods Village, Allegro & Arbor Trails.