McKinley Homes Buys Distressed Houston Office Property

McKinley Homes is making itself at home in Bayou City after planting its first Texas flag in late 2024.

The Atlanta-based builder purchased Sam Houston Crossing I, a distressed office building at 10343 Sam Houston Park Drive, in December, deed records show. The building sits on nearly 9 acres.

Colliers represented the seller, and according to its marketing materials, the property was 51 percent occupied. Colliers’ David Carter and Kolbe Curtice had the listing.

The three-story, 160,000-square-foot building was constructed in 2007 and has been lender-owned since Independent Bank bought it in an $18.25 million credit bid at a foreclosure sale in 2022, according to the deed.

Houston-based Fuller Realty Interests was the previous owner, having purchased the property in 2014 for $26.2 million with a $22.75 million loan from Independent Bank. The loan was modified at least five times before the foreclosure sale.

The sale comes about a year after McKinley Homes entered the Texas market with the acquisition of Houston-based Liberty Home Builders. At the time, McKinley Homes said it would operate out of the former Liberty office, at 2821 Jordens Road.

McKinley Homes’ Jinsong Yang said the company plans to occupy part of the building, making the transaction part of the growing owner-occupier office trend in Houston. Increasingly, office users are taking advantage of the city’s sluggish office market by purchasing cheap or distressed property instead of renting.

Such buyers took more than 2 million square feet of vacant space off the Houston office market in 2025, according to Partners Real Estate. That includes the area’s second-largest office sale of the year, in which Dallas-based midstream energy giant Energy Transfer bought the building formerly known as Marathon Oil Tower, at 5555 San Felipe Street, from Starwood Property Trust in April. Starwood took control of the tower in 2022 after prior owner M-M Properties defaulted on an $88 million loan.