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Perry Homes will occupy the 27th, 28th and 29th floor of Phoenix Tower in Greenway Plaza.
Todd Chachere, CEO, and Kathy Britton, owner and executive chair of Perry Homes.
Perry Homes, one of Houston’s and Texas’ largest and oldest homebuilders, will get a new home of its own with the relocation of its headquarters to Greenway Plaza next year.
The company reached a deal to occupy approximately 80,000 square feet in Phoenix Tower, a 34-story office tower at 3200 Southwest Freeway at Buffalo Speedway, the company announced. Perry Homes will move from its longtime headquarters at 9000 Gulf Freeway near Hobby Airport in fall of 2023.
Transwestern Real Estate Services provided site selection services and will manage the build out of the new office, which will house nearly 320 Houston employees on floor 27 through 29.
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Perry Homes, one of the nation’s largest women-owned businesses, builds homes in Houston, Dallas-Fort Worth, Austin and San Antonio. The firm has built more than 55,000 homes since its founding 55 years ago.
Owner and executive chair Kathy Britton, the daughter of founder Bob Perry, said the company is relocating to provide a modern workspace designed with employee work/life balance in mind. Britton works alongside Todd Chachere, who was promoted to CEO this year to lead the company’s growth.
“As we begin a new chapter, we are confident that what we’ve found at Phoenix Tower – and throughout the surrounding Greenway community – will best support our growth and goals for the future,” Britton said in a statement.
Employees work a hybrid schedule, spending part of the time working remotely, and the new office will provide a more modern experience, Britton said.
As part of the deal, the builder will get its logo on the building, facing the Southwest Freeway.
Perry, which owns its headquarters building on the Gulf Freeway, will downsize from approximately 100,000 square feet, a common theme in recent Houston office leases and renewals following similar moves by Baker Hughes, Bechtel and Enbridge. The company said it is evaluating options for the southeast Houston building, which it has occupied since the 1980s.
Phoenix Tower is among 11 buildings in Greenway Plaza, a 52-acre campus with 5 million square feet of space owned by Parkway Property Investments. The landlord has completed several upgrades at the campus, including a garage expansion at Phoenix Tower and and connector to the HUB dining and retail complex. The campus is headquarters to major companies such as Occidental Petroleum and Camden Property Trust.
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Transwestern’s Eric Anderson, Katy Gragg, John Heard, Larry Serota and Chase Bourdelaise worked with Perry to identify a new office that would align with the company’s existing and future space needs, workforce demographics, employee drive times and culture. Amanda Nebel and Rima Soroka of Parkway represented the landlord in the deal.
Located between the River Oaks and West University neighborhoods to the north and south, and the Galleria and downtown to the west and east, Greenway Plaza has indoor and outdoor gathering spaces, coworking and conferencing facilities and is close to restaurants, parks and services in Upper Kirby.
Houston’s sluggish office market has experienced a rise in leasing activity as companies move forward with decisions on their space. The city recorded its second straight quarter of net occupancy gains in the second quarter, with deals in downtown such as Cheniere Energy’s relocation to Texas Tower driving the increases, according to Transwestern.
Office vacancy in the Greenway Plaza submarket reached 20.8 percent in the second quarter, slightly higher than Houston’s overall office vacancy of 20.1 percent, according to Transwestern.
Like other builders, Perry Homes cranked up the volume to meet demand during the pandemic. The company, which started about 1,700 homes in the local market in 2021, is the third largest homebuilder in Houston, according to housing consulting firm Zonda.
The company, which boosted revenue by 30 percent to $1.7 billion last year, earned the No. 10 spot on the Chronicle 100 list of the top private companies by revenue in 2021.
Katherine Feser covers a variety of subjects for the Houston Chronicle Business section. She coordinates some of the paper’s most popular special sections, including the Chronicle 100, Home Price Survey, and Top Workplaces. She compiles many of the staples of the section, including the daily markets page, People in Business, event listings and real estate transactions.
“It’s serious,” Payne said Saturday afternoon. “People are dying. People have died. We just want … the environmental injustice to stop in our community.”
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