A new home for homebuilder
PulteGroup, a top builder in the Houston area, is movinginto Transocean’s old digs.
PulteGroup, a top 10 homebuilder in the Houston area, is getting a new home of its own.
The Atlanta-based company has leased 20,978 square feet at 1311 Broadfield Blvd. for relocation of its Houston office and design center. The building is less than a mile east of its location at 16670 Park Row in the Energy Corridor.
Chrissy Wilson and John Pruitt of JLL represented the landlord, an affiliate of Lexington Realty Trust. Doug Elliott of CBRE represented PulteGroup.
The national homebuilder operates in 50 markets under the Centex, Pulte Homes and Del Webb brands, among others. Last year, the company sold 964 new homes in the Houston area, ranking No. 8 behind KB Home, according to consulting firm Metrostudy.
The company will occupy the first floor of the six-story building, which was built in 2000, in the first quarter. The location, just north of Interstate 10 between the Grand Parkway and Beltway 8, is close to growing communities in the Katy and northwest Houston areas.
“It’s a good location for a homebuilder to be,” said John Pruitt, a broker with JLL.
Terms of the deal were not disclosed, but PulteGroup “struck a very favorable transaction,” Pruitt said.
The 155,407-square-foot building was previously occupied by offshore drilling company Transocean. Saipem, an engineering company, took the top two floors shortly after Transocean consolidated to Greenway Plaza.
Recently, Transocean signed a lease for the 300,000-square-foot Enclave Place building at 1414 Enclave Parkway.
The PulteGroup deal brings 1311 Broadfield Blvd. to 47 percent leased with the second, third and fourth floors remaining available, JLL said.
“It’s a good location for a homebuilder to be.” John Pruitt, broker with JLL