The Mission Companies grew out of a fortuitous pairing in 1977 between our founder, Dennis W. Nelson, and Dennis Murphree of The Murphree Company. Nelson brought a construction background to Murphree’s young commercial brokerage firm and over the next 10 years participated in numerous development deals, including commercial office buildings and retail shopping centers across the southern United States, a reservation center for Texas International (later Continental Airlines) near Houston’s IAH airport and River Oaks’ Huntington Condominium.
In 1986, Murphree exited the business and Nelson bought out his share in several properties and launched what we now know as the Mission Companies. In the early years, which coincided with the 1980’s oil crisis, Mission handled property management for banks, municipalities, and other owners who were stocked with foreclosed properties. In the early 1990s, as the economy began to recover, Mission began building its own real estate portfolio as some of these owners began to dispose of their properties.
It was during this period, in 1991, when Mission made its first foray into the medical sector. Hospital Corporation of America--the largest privately owned hospital system in the U.S.--engaged us to acquire a site for a new campus in Sugar Land. After repositioning the building (Sugar Land Medical Building I) for medical use, we leased and managed it until its disposition in January 2000. That assignment led to designing and building an adjacent surgery center, and later to building Sugar Land Medical Building II on the other side of the surgery center, which was completed in Spring 2006.
In the early 2010s, Nelson and Murphree teamed up again in the hopes of developing a boutique office building somewhere in the Galleria area. The result was 1885 St. James Place, a 165,000-square foot multi-tenant building just south of San Felipe in Uptown Houston that broke ground in September 2014 and completed in Summer 2016.