Prescott Group Lands HQ Lease in Houston
An old-school data center building in Houston is getting an upgrade, and coincidentally, the latest tenant to sign is Ezee Fiber, which provides fiber to homes and commercial customers in the surrounding area.
Transwestern Real Estate Services announced Ezee Fiber has committed to 94,179 square feet in a 567,333-square-foot property owned by Prescott Group in the city’s Southwest Freeway submarket.
Tenants currently use this property at 5959 Corporate Drive primarily as an office and contact center building. Still, Todd Smith, chief technology officer of Transwestern’s Technology Properties Group, told Commercial Property Executive that this campus has significant immediate capacity for data center users.
“This property with data center investment of up to and even beyond $500 million is feasible,” Smith said. “There’s room for the load of Nvidia chips and AI clusters today. MWs of capacity are there right now. There’s full fiber and power redundancy. And it’s ready to go to bring more power through separate vaults and separate lines if we need to.”
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Transwestern’s Michelle Wogan and Paula Musa represented Prescott Group during lease negotiations. Wogan said this Houston Technology Center building is unique to the Houston market, given it has about 80,000 square feet of large floorplates and warehouse space, including four dock-high loading areas.
“It’s the best of both worlds—office and warehouses/basements—something no other site in Houston can provide,” Wogan told CPE.
“It’s an easy location to get in and out of and is full of the amenities that tenants such as Ezee Fiber wanted: a tenant lounge, a full-service onsite restaurant, conference rooms, a fitness center, move-in-ready office space, onsite security and onsite management.”
Smith said the building (developed in 1977) was used for many large call centers for a long time, “but that’s an industry that has fallen on hard times lately,” and the fiber needed for those applications still exists.
Meanwhile, Ezee Fiber will consolidate its two Houston locations into a single, larger corporate headquarters at the property, which can facilitate the thriving company’s expanding operations and ongoing growth in the market.
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