Bank OZK Expanding in Houston by Nearly Tripling Office Space

Arkansas-based Bank OZK is set to nearly triple its square footage at Brookhollow Central III as part of an expansion in Houston.

The planned additions are expected to finalize in the fourth quarter of 2026, and will increase Bank OZK’s space in Brookhollow Central III from 15,000 square feet to 40,000 square feet, according to the Houston Business Journal. The original lease was for 7,800 square feet before the bank’s first expansion.

The 806,000-square-foot building at 2950 North Loop West was sold last year to Houston-based Meneses Holdings and Irving-based Dominus Commercial for $58.4 million. The Texas companies bought the building from Los Angeles-based Hertz Investment Group, who shelled out $70.5 million for the northwest Houston tower. Dominus and Meneses bought the building for roughly $72 per square foot. At the time of the purchase it was 74 percent leased.

“Between Houston and Dallas, we have a blooming and blossoming overall economy, specifically on that [commercial and industrial] side, so Houston is a great place to be,” said Jake Munn, president of corporate and institutional banking for Bank OZK. Munn told the publication that the square footage increase is also set to come with the addition of 15 new employees, up from around 45.

Texas, and Houston specifically, have been the fastest-growing markets for the corporate and institutional banking group, Munn told the outlet. The bank will also look to expand into the suburbs, and is in the process of reviewing sites in Katy and The Woodlands.

Bank OZK had been planning an expansion into Texas in general, and Houston specifically, for years. They debuted plans to double their branch locations in Houston in 2024, and told the outlet that they planned to diversify beyond real estate in that year. In 2023, Bank OZK issued a staggering $3 billion in real estate construction loans, more than $1 billion more than the closest competitors.

— Hunter Cooke