Premier North Houston Office with Upside 222 Pennbright Dr 97,039 SF 19% Leased Office Building Online Auction Sale Houston, TX 77090

CBRE is pleased to present The Plaza at Commerce Park North, an exceptional opportunity to acquire a high-visibility, Class A office asset strategically positioned along Interstate 45 in the heart of North Houston’s thriving commercial corridor.
Located at 222 Pennbright Drive, this premier asset offers investors and owner-users the rare ability to capitalize on significant value creation through lease-up, repositioning, and operational upside. Delivered approximately 19% occupied, the property presents a compelling opportunity to drive NOI growth and unlock substantial long-term returns in a fundamentally strong and improving submarket. This institutional-quality facility features contemporary finishes, efficient and flexible floor plates, and a tenant-focused amenity package designed to meet the evolving needs of office, medical, and service-oriented users.
The property encompasses 97,309 square feet across three floors on 4.96 acres and has been meticulously maintained with meaningful recent capital investment. Notably, the replacement of a 160-ton chiller approximately five years ago provides immediate operational reliability and significantly reduces near-term capital exposure. The building’s flexible configuration supports both multi-tenant leasing and single-tenant headquarters use, offering multiple strategic pathways for value creation.
The Plaza at Commerce Park North makes a strong first impression with its prominent presence, expansive parking field accommodating 338 vehicles, and availability of covered parking that presents an opportunity for additional revenue. The interior environment is equally compelling, featuring abundant natural light, modern finishes, and a highly functional layout that enhances both tenant experience and leasing velocity. Tenant focused amenities include gated and access controlled entry, a fully equipped private boardroom, and a contemporary café-style collaboration lounge ideal for meetings, events, and employee engagement.
Strategically located with direct access to Interstate 45 and immediate connectivity to Hardy Toll Road and Grand Parkway, and positioned approximately five miles north of Beltway 8, the property offers exceptional regional accessibility. This central location enables efficient travel to The Woodlands, George Bush Intercontinental Airport (approximately 15 minutes), Downtown Houston, and the broader Houston metropolitan area. With visibility to more than 250,000 vehicles per day, the asset provides premier signage and branding opportunities that further enhance its appeal.
More importantly, The Plaza at Commerce Park North is strategically positioned within one of Houston’s most dynamic employment corridors, anchored by the global headquarters of ExxonMobil and the nearby HCA Houston Healthcare Northwest. This location places the property at the center of two of North Houston’s most powerful economic drivers, the energy sector and healthcare industry, which continue to generate sustained tenant demand from corporate, medical, and professional users.
This unique convergence of amenity-rich surroundings and major employment anchors creates a highly desirable environment for tenants, supporting leasing velocity, long-term occupancy growth, and overall asset performance.
North Houston continues to demonstrate strong demographic and economic fundamentals, with a growing population base and a robust workforce that supports long-term leasing demand. The area’s continued expansion, combined with its strategic location and accessibility, positions the property for sustained occupancy growth and value appreciation.
An additional nearby Class A office asset is also being offered, providing investors with a unique opportunity to achieve scale and establish a meaningful presence within this high-performing submarket.
This offering represents a rare combination of scale, visibility, accessibility, and significant value-add potential, uniquely positioning Plaza at Commerce Park North as a highly attractive acquisition for investors seeking outsized returns in a premier North Houston corridor.
Visit the links section and contact the CBRE team to learn more. Property tours are by appointment only.