Interra Capital Buys Distressed Greenway Plaza in Houston

Interra Capital Group has purchased Greenway Plaza, a 54-acre mixed-use office campus in Houston, from a court-appointed receiver. The 11-building property contains 4.9 million square feet of office space and includes amenities such as The HUB food hall, a hair salon, a daycare facility, and a Lifetime Fitness gym.

The complex is marketed as one of the largest infill mixed-use campuses, and leasing materials indicate about 1,453,240 square feet are vacant, implying roughly 70% leased. Office tenants named include Occidental Petroleum, Boardwalk Pipelines, Pilot Flying J, and Avelo Airlines. CBRE was retained to handle leasing.

The property had been controlled by receiver Trigild since 2023 after co-owners defaulted on a $465 million commercial mortgage-backed securities loan, and the receiver put the asset up for sale in 2024.