Perry Homes downsizes HQ for hybrid work

Perry Homes, one of the state’s largest and oldest homebuilders, is leaving its long-time home at 9000 Gulf Freeway.

The company just inked a lease in Phoenix Tower, a 34-story office tower at 3200 Southwest Freeway at Buffalo Speedway, according to the Houston Chronicle. Its nearly 320 Houston employees will be moving into floors 27 through 29 in the fall of next year.

The new space spans about 80,000 square feet — a considerable downsize from its 100,000-square-foot digs at 9000 Gulf Freeway. As part of the deal, the builder will get its logo on the building, facing the Southwest Freeway.

Phoenix Tower is one of 11 buildings in Greenway Plaza, a 52-acre campus with 5 million square feet of space owned by Parkway Property Investments. The campus already hosts the headquarters of other major companies such as Occidental Petroleum and Camden Property Trust.

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Owner and executive chair Kathy Britton, the daughter of founder Bob Perry, says the company wanted to relocate to provide a better work-life balance for employees.

“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. Perry Home employees work a hybrid schedule, spending part of the week working remotely, she says.

The relocation is another big move by the company after it got a new CEO, Todd Chachere, earlier this year. Chachere called the Phoenix Tower move part of a “new chapter” for the company.

One of the nation’s largest women-owned businesses, Perry builds homes in Houston, Dallas-Fort Worth, Austin and San Antonio. The current downsizing could also be an answer to the pinched homebuilding pipeline in Texas.

— Maddy Sperling