Colliers invites users and investors to discover this prime opportunity to acquire the fee simple interest in 550 Greens Parkway. This vibrant facility offers 73,019 square feet of modern medical office space just off the junction of Beltway 8 and Interstate 45 in the thriving Greenspoint commercial hub in Houston, Texas.

The two-story property provides an attractive option for businesses in medical fields to source well-equipped space for their operations. Built in 1999, the building has been expertly maintained and boasts desirable features, including a bright two-level atrium lobby, updated interiors, and two high-speed passenger elevators. A spacious 4.62-acre corner lot provides abundant parking, with a parking ratio of 4.64/1000 and a mix of covered and surface stalls. Professional landscaping provides a park-like atmosphere, offering views of lush greenery from the building’s large windows. Currently approximately 91% occupied, the building includes substantial existing income along with a lease upside for a value-add investor to fill the remaining vacancies and improve revenue.

550 Greens Parkway enjoys unmatched accessibility, sitting just off the intersection of North Houston’s two principal arterials. Traveled by more than 300,000 vehicles daily, these crucial thoroughfares provide quick commutes to employees and aid leasing efforts with strong exposure to a large pool of Houston professionals. Longer distance travel is facilitated by the George Bush International Airport, reachable in just 15 minutes. Healthcare businesses benefit from the building’s proximity to the area’s busiest hospitals. Both the HCA Houston Healthcare Northwest Campus and the North Houston Medical Plaza are reachable in approximately 10 minutes.

While its namesake mall may now have closed, Greenspoint remains a thriving commercial destination with a lot going on. A new housing development, Summit at Renaissance Park, is the first of many planned developments at the former mall. Easy access to major freeways and quality urban amenities have long attracted major office and industrial tenants to Greenspoint, including Amazon, FedEx, Frito-Lay, Sysco, and many more. Supporting these operations is a large surrounding concentration of national retailers, large hotels, and quality residential neighborhoods. Residents and workers can also quickly reach the urban core of Downtown Houston, providing best-in-class shopping, dining, recreation, and nightlife experiences. Within three miles of 550 Greens Parkway, Greenspoint delivers a population exceeding 124,000 and daytime employment of more than 48,000. With more than 79% of these workers employed in service-related fields and more than 16% working in medical fields, there is a significant population of potential tenants and employees for new businesses at the subject property.

Help shape the future of one of Houston’s most exciting commercial destinations with the contemporary medical offices at 550 Greens Parkway.