Colliers Arranges Purchase of ±9.5 Acres on the Gulf Freeway in Houston, Texas

Colliers is pleased to announce the sale of 9.5436 acres on the Gulf Freeway (I-45 South) at Gulfbrook Drive near Baybrook Mall in Houston, TX. The buyer, Wellby Financial, was represented by Kelly Hutchinson of Colliers Houston.

“This is an iconic location for Wellby Financials’ new headquarters,” said Kelly Hutchinson of Colliers. “This project is also important to Baybrook Mall and the businesses and restaurants located there.”

“The credit union’s acquisition of 9.5 acres of land off Interstate 45 and Gulfbrook Drive is a “premier site” given the access to Gulf Freeway and development around the burgeoning Bay Area,” President and CEO of Wellby Financial, Marty Pell, told the Houston Business Journal.  It’s about 3 miles from the credit union’s current headquarters at 1330 Gemini Street, adjacent to the Johnson Space Center – NASA. Construction is expected to begin in 2025. The project will be executed in phases over several years.

Wellby Financial is an award-winning, nationally ranked, member-owned credit union proudly serving Greater Houston. Wellby was originally established in 1961 to serve the employees and families of NASA Johnson Space Center. We have grown into one of the largest credit unions in Houston, serving more than 129,000 members with 22 branches and more than $2.7 billion in assets.

About Colliers

Colliers is a leading diversified professional services and investment management company. With operations in 68 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $96 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.