Greenway Plaza Commercial Real Estate — Houston, TX
4.4M SF across 10 towers, $30-45/SF rents. Merrill Lynch, Sunnova, Koch, Mitsubishi. Cousins Properties $1.1B acquisition.
Iconic Office Campus with Mixed-Use Evolution
Greenway Plaza spans 4.4 million square feet of office space across 10 towers, anchored by Merrill Lynch, Sunnova, Koch Industries, and Mitsubishi. Market rents range from $30 to $45 per SF annually, reflecting premium location and modern construction. In a landmark transaction, Cousins Properties acquired the entire campus for $1.1 billion, signaling institutional confidence in long-term value.
The Greenway Plaza campus is evolving beyond traditional office. Lakewood Church operates from the former Compaq Center, creating mixed-use synergy and community engagement. The 17-acre Spear Street project, nicknamed "The RO," is transforming the campus with contemporary office design, retail, hospitality, and residential components. This redevelopment elevates Greenway Plaza from a traditional office park to a true mixed-use destination.
Our team understands Greenway Plaza's evolution and institutional ownership. We represent tenants seeking modern Class A space with mixed-use amenities and landlords maximizing value through strategic leasing and property development.
Institutional-Grade Office with Mixed-Use Integration
Greenway Plaza's 10 towers represent institutional-grade office with modern building systems, ample parking, and contemporary floor plates. The Cousins Properties ownership ensures capital commitment to ongoing maintenance and modernization. Rents of $30-45 per SF reflect premium asset quality and management standards.
The Spear Street redevelopment is adding retail, dining, and hospitality options that transform the campus experience. The former Compaq Center, now Lakewood Church, creates community anchor and mixed-use synergy. Future phases may include residential, boutique hotels, and experiential retail.
Institutional Ownership Supports Long-Term Stability
Cousins Properties ownership ensures institutional capital commitment, ongoing capital investment, and professional management. The $1.1B acquisition signals confidence in long-term value and mixed-use evolution. Tenants benefit from modern facilities, ongoing upgrades, and premium campus experience.
The Spear Street transformation creates differentiated positioning in Houston's competitive office market. Our team guides tenants through available space and landlords in executing strategic leasing that supports the campus vision.
How Core Properties Can Help
Our team provides expert commercial real estate services across Greenway Plaza and the broader Houston market:
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Greenway Plaza Commercial Real Estate FAQ
Who is the landlord of Greenway Plaza?
Cousins Properties, a major institutional owner, acquired Greenway Plaza for $1.1 billion. This ownership ensures professional management and ongoing capital investment.
What is the Spear Street project?
The 17-acre Spear Street redevelopment, called The RO, is transforming Greenway Plaza with modern office, retail, hospitality, and mixed-use components.
What major tenants are in Greenway Plaza?
Merrill Lynch, Sunnova, Koch Industries, and Mitsubishi maintain significant presence. These anchors drive sustained demand and support leasing activity.
What rent does Greenway Plaza command?
Rates range from $30 to $45 per SF annually, reflecting modern construction, institutional ownership, and mixed-use campus evolution.
Why did Lakewood Church move to Greenway Plaza?
The former Compaq Center provides 16,000 seats and modern facilities. The location offers visibility, accessibility, and mixed-use synergy supporting church mission and community engagement.
Let us discuss your Greenway Plaza real estate goals.
Whether you are a business seeking commercial space, a landlord optimizing your portfolio, or an investor exploring Greenway Plaza — our team is ready.