AAA-Rated State of Texas Office Investment | Long-Term, Non-Cancellable Lease | Corpus Christi, TX

Colliers is pleased to present the State of Texas – Department of Family & Protective Services (DFPS) Regional Headquarters, a rare opportunity to acquire a mission-critical, state-leased office asset offering secure, long-term income and zero credit risk. Located at 4201 Greenwood Drive in Corpus Christi, Texas, the 51,307-square-foot, purpose-built facility is fully leased to DFPS under a full-service gross lease with a seven-year non-cancellable firm term and 3.0% annual rent escalations. DFPS recently exercised a 10-year renewal at market rent, underscoring its long-term commitment to the site, where it has operated for more than 30 years.

Built in 1995 and expanded in 2010, the property serves as the Region 11 headquarters overseeing a 16-city service network and houses approximately 220 employees. Specialized interior buildouts—including private offices, family meeting rooms, observation rooms, and onsite security—create significant functional and financial barriers to relocation. Combined with estimated replacement costs of $275–$300 per square foot and a central Corpus Christi location with transit access, the asset offers exceptional tenant retention and durable cash flow backed by one of the few AAA-rated state tenants in the nation.