Company Spotlight: CompQSoft

For the first time, Greenspoint company CompQSoft, an IT consulting services firm, has earned a place on Houston Business Journal’s (HBJ) Houston Fast 100, coming in at No. 90. The ranking was based on the private revenue growth of the company from 2010 to 2012. CompQSoft reported a 62.79 percent growth, from $4.3 million in revenue in 2010 to $7 million in 2012, according to HBJ.

CompQSoft told HBJ in a Sept. 4, 2013 article that it credits long-term clients such as IBM Corp. and partnerships with government contractors like the U.S. Army as the reason for its exponential growth since it was founded in 1997.

CompQSoft is an IT solution provider that assists federal, state and local government agencies to revolutionize the way those agencies deliver their services to citizens as well as personnel. The company has 50 employees.

Greenspoint Industrial Market Heating Up

In 2013, Greenspoint saw a tremendous amount of leasing and development activity. The numbers speak for themselves:

  • 71,565 square feet of lease expansions
  • 776,982 square feet in new leases
  • 1,096,322 square feet in lease renewals
  • 2,701,225 square feet of new construction

Three industrial development projects are currently underway in Greenspoint, the largest being Pinto Business Park on the Sam Houston Parkway west of I-45. Two spec buildings at 120,159 square feet each are currently under construction, as well as a 600,000 square foot build-to-suit facility. HD Supply, an Atlanta-based industrial distribution comapany, was announced as the anchor tenant for the build-to-suit facility, leasing 500,000 square feet.

Additionally, The Reynolds Company, a Fort Worth-based electrical distribution company, has purchased nine acres in Pinto Business Park to build a 130,000-square-foot distribution facility.

East of I-45, development is underway at IDI’s Greenspoint Business Center, where two buildings totaling 350,000 square feet are under construction. The buildings are expected to deliver in Q1 and Q2 2014, respectively. The three existing buildings in Greenspoint Business Park are 93 percent occupied.

Northwest of I-45 and Beltway 8, in the Greens Crossing Business Center, Liberty Property Trust is currently constructing two buildings that will total 230,000 square feet. The new buildings will bring the center’s total to 800,000 square feet.

For more information on all the activity going on in Greenspoint visit our Development Updates page.

Data Foundry Develops New Facility

Data Foundry Inc. recently purchased 18 acres of land in Greenspoint with plans to build a 250,000-square-foot data center campus.

The planned campus will have multiple buildings and will break ground in the first quarter of 2014. The first building in the complex is scheduled to be completed in the fourth quarter of 2014.

Data Foundry’s new location will give Houston-based customers who are currently using the company’s data center located in Austin the option to locate their servers closer to their Houston offices.

“Data Foundry established its first Internet and data center facility in Houston in 1996, and we’ve continuously expanded our presence and capabilities to meet the demands of our Houston customers,” said Carolyn Yokubaitis, co-CEO of Data Foundry in a press released published on Sept. 4, 2013. “We’re very excited to be further expanding our commitment to Houston and continuing to offer a real choice in premium data center and managed services.”

Data Foundry’s roots are in Internet service, which it still provides in addition to data storage. This means that the data stored on the servers located on site are connected to the clients’ offices by inside telecommunications services. However, Data Foundry will also provide other Internet connection services at its new data center.

The new data center will also act as both a wholesale and retail data center provider. Wholesale providers sell space to large clients that can take up entire floors of server space, while retail providers lease out a large space and then sell smaller bits and often manage the servers of smaller companies with that space. Data Foundry also offers managed services to clients who do not want to manage their own data centers.

According to a May 29, 2013 HBJ article, Texas has long been a desired location for large data centers because of its central location, economic climate, reliable electric grid, historically low occurrences of natural disasters, educated workforce and pro-business environment.

However, Texas began to slip in number of data centers located here when other states began offering aggressive tax packages for data centers.

To combat this, the state legislature recently passed the state’s first tax incentive to be offered for new data center business. The new data center tax incentive bill went into effect on Sept. 1, 2013. The law provides a sales tax exemption for electricity consumption and equipment purchases for things like servers, generators, storage devices, software and other systems required for data center operations for new data centers that take up more than 100,000 square feet of space and require at least a $200 million investment.

Data Foundry will be among the beneficiaries of the new bill.

“We are a very competitive state for large data centers in terms of our economy, geography and climate, but we haven’t been in terms of our tax code,” Representative Harvey Hilderbran, R-Kerrville, told HBJ in the May 29, 2013 article. Hilderbran authored House Bill 1223 which created the incentives.

In addition to being located in Houston, Data Foundry specifically selected the Greenspoint area for its fiber connectivity.

“The Greenspoint area is a great area for networks, and it’s got good power availability,” Data Foundry president and CEO Shane Menking told HBJ in a Sept. 6, 2013 article. “The marketplace lends itself to customers wanting to be here.”

Greater Greenspoint Redevelopment Authority Constructing New City of Houston Fire Station

The Greater Greenspoint Redevelopment Authority (GGRA) is constructing a new five-bay fire station on Gears Road. The new station will be City of Houston Fire Station 84.

GGRA has invested $7.3 million in the project.

The new fire station is set to open sometime next year.

To view pictures of the construction, visit www.facebook.com/greenspoint.