Oldham Goodwin Capital made a record sale of the Westinghouse Building in College Station

COLLEGE STATION, Texas (KBTX) — The Westinghouse Building in Providence Park has been sold to a Dallas-based corporation after being owned by Brian Oldham Goodwin Capital for six years.

The old Westinghouse campus was occupied by an electronics company, building radar systems for the Air Force at College Station between 1983 and 1999. After its closure, the old campus sat empty in the middle of College Station for nearly two decades.

In 2016 Oldham Goodwin Capital decided to redevelop the property. Casey Oldham, CEO and Chief Investment Officer of Oldham Goodwin, told KBTX his partner Hunter Goodwin himself felt the need to dispose of the property.

“It used to be the Google campus at the time, which is where I was sitting,” Oldham said.

At the time, Oldham Goodwin Capital was traditionally known as a retail developer, multi-family hotel community. Oldham said the life sciences sector of everything was something he and his team hadn’t been involved in before.

“After researching and talking to Lynntech, the company there at the time, we were determined to make sure we knew what we were doing. We asked them what we needed to do to make this space meaningful to them and they said they were adding more life sciences companies,” Oldham said. “We had a mission and for the six years we’ve owned it, we’ve stuck with it.”

Tenants of the Westinghouse Building in Providence Park include Matica Biotechnology, Zoetis, Lintech, and the Texas A&M Innovation Center for Advanced Manufacturing and Development. Now, Dallas-based Big Sky Medical is joining in.

Oldham Goodwin said the sale was five times the original investment.

Buying a property in Brazos County for Big Sky Medical is a huge deal, said Carl Mooney, former College Station mayor.

“For them to come here in this secondary market… they haven’t done that before,” Mooney said. “It is one of the largest companies in the world for this and the value of its offering. I really give credit to Casey Oldham for his commitment to the building and putting so much work into it for our district.”

It’s a big step for the Brazos Valley, Mooney said, given how much the community and the surrounding area have grown.

“Remember being out there on Interstate 6, Interstate 6 is about to see some major improvements as well,” Mooney said. “Traffic will increase. It will be easier to get to this site and [Highway] 249 is now open. It is only 1 hour from IAH airport. Things have changed dramatically here in the past 20 years. This is very exciting and really, I think we’re just scratching the surface of what’s to come for not just Brazos County but Texas.”

Oldham Goodwin still manages the property in Providence Park, which Oldham said is flattering because of Big Sky Medical’s preference to manage and own their property.

Oldham told KBTX that they still own approximately 30 acres in Providence Park and are looking forward to developing the area further.

For more Oldham Goodwin Capital information, click here.

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