Chevron is selling this prime tract in Bellaire, which could be developed as a mixed-use development. HFF is marketing the property, which is about two miles from the Galleria in Houston, next to Loop 610.

Chevron Lists 30.5-Acre Bellaire Site Near Loop 610; Development Interest Expected Nationwide

BELLAIRE, Texas — Chevron has placed its 30.5-acre property along Loop 610 in Bellaire on the market, and HFF has been retained to manage the sale and marketing of the high-profile site. The property, long used by Chevron and previously Texaco, sits close to Houston’s Inner Loop and is expected to draw interest from major developers across the United States.

City Moves to Allow Denser Development

The Bellaire City Council voted on Monday to approve planning language that could enable denser development on the parcel. That decision clears a potential path for redevelopment options that may include mixed-use projects combining residential, retail, office and public space, subject to Bellaire’s municipal zoning and planning regulations.

Prime Location and Redevelopment Potential

The site is strategically located roughly two miles south of the Galleria, with additional frontage on South Rice Avenue and Fournace Street, adjacent to Loop 610. As the largest privately owned property in Bellaire and one of the more substantial near-in neighborhoods between downtown Houston and Beltway 8, the tract presents rare infill development opportunities in a mature urban area.

Chevron plans to vacate the Bellaire site and relocate affected employees to its downtown Houston offices. With the company stepping away from the property, long-term reuse scenarios may include mixed-use redevelopment, though any project would require coordination with Bellaire’s planning and permitting processes.

Local Context and Neighboring Parcels

The sale occurs as other nearby parcels change hands. A development group led by veteran Houston builder Ed Wulfe recently acquired the 2.5-acre Shell service station at the northwest corner of Fournace and Loop 610, directly adjacent to Chevron’s site. That transaction suggests momentum for redevelopment activity in the corridor and may influence how the larger Chevron property is positioned in the market.

HFF Leads Marketing Effort

Chevron selected HFF to lead the disposition rather than a different national brokerage some in the Bellaire community had expected. HFF’s Houston team, including Managing Director Davis Adams and senior managing directors Robert Williamson and Wally Reid, will head the marketing and outreach to prospective buyers and development partners.

Adams described the assignment as a “high-profile investment” that will attract creative developers from Houston and beyond. He noted Chevron’s long history in Bellaire, saying the company and its predecessors have aimed to be good neighbors for more than seven decades and hope the next owner will pursue a redevelopment that benefits Bellaire residents for years to come.

About HFF

HFF operates from 24 offices and offers the experience of more than 300 transaction professionals supported by a staff exceeding 550. Since 2010, the firm has expanded its presence by opening offices in cities such as Austin, Tampa, Denver, Orlando, Philadelphia, Charlotte and Phoenix, broadening its national reach for capital markets and real estate advisory services. HFF’s capabilities position the firm to attract institutional and creative local developers for a site of this scale and location.

Next Steps and Considerations

Prospective buyers will need to account for Bellaire’s zoning and planning requirements as they evaluate development options. Environmental assessments, infrastructure planning, traffic impacts and community engagement are all likely to play key roles in shaping the ultimate reuse of the property. Given the site’s prominence and proximity to major employment and retail centers, redevelopment proposals are expected to be carefully reviewed by both city officials and residents.

The disposition of the Chevron site represents a significant urban infill opportunity for Houston’s real estate market. With HFF managing the marketing and local approvals moving toward increased density, the property is well positioned to attract competitive interest from regional and national developers seeking a high-profile project inside the Loop.