Capital Commercial Investments has Energy Crossing I, an office building of 240.166 square meters in Houston’s energy building. JLL mediated the deal on behalf of the seller.
Invesco Real Estate is the previous owner of three -storey active, according to Yardi Research Data. The company acquired the building, together with the adjacent Energy Crossing II, in a $ 169.9 million portfolio transactions in July 2014, from Lincoln. Last year in November, Capital Commercial also bought Energy Crossing II, the 327,404 square feet neighboring building built in 2014.
Located on 15021 Katy Freeway, Energy Crossing I was completed in 2010, about 18 miles away from the center of Houston. The George Bush Intercontinental Airport is located 30 miles northeast of the class A building.
The low -rise buildings ranging from 10,000 to 40,000 square feet, as well as 1,800 square feet on the ground floor retail space. The suffering Gold-certified building has a fitness center, four passenger lifts and more than 1,070 parking spaces, together with a café on site.
JLL Capital Markets Managing Director Kevin McConn and senior director Rick Goings led the investment sale and the advisory team that made the deal possible.
The sale of the office in Houston remains stable
Houston is in fifth place National for office investment volume from year to date to June, according to the latest Yardi Matrix Office report. The total turnover of the metro reached $ 1.2 billion, with assets trade for an average of $ 109 per square foot.
Last month, Properties bought 10001 Six Pines, an office building of 200,000 square meters in the suburb of Houston. The real estate with eight floors changed owner in a deal also mediated by JLL.
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