DML Capital has bought 3555 Timmons, an office building of 227,064 square feet in Houston. JLL worked on behalf of the buyer to obtain acquisition financing through an insurance company.
New office had previously acted actively, according to Yardi Research Data. The company had bought it from Unilev Capital in January last year.
Located on 3555 Timmons Lane, is the 15 -storey building close to the Greenway Commons shopping center and 3 miles from the Galleria Retail Center. The center of Houston is approximately 6 miles away, while George Bush Intercontinental Airport is within 25 miles.
At the time of sale, the Mid-Rise was rented out 95 percent. Houston-Galveston Area Council is the anchor tenant of the building and occupies approximately one third of the building.
The investment volume of Houston’s office to date from June has been clocked at $ 1.2 billion, according to the latest Yardi Matrix Office report. Assets in the metro In the first six months of the year, an average of $ 109 per square foot were traded, $ 80 under the national figure.
Also read: 2025 Office Investment Update
In 1982, the real estate extensive renovations completed in 2018 and 2024, including the modernization modernization and renovations on the first floor, as well as the upgrades for toilet and corridor and corridors and the addition of a conference center.
The mid-rise has floor plans on average 15,060 square feet, five passenger lifts and around 670 parking spaces. Other facilities include a training room and tenantslounge.
JLL Capital Markets Managing Director Michael Johnson and director Michael King, together with analysts Scot Sarlin and James Lovell, led the team that arranged the financing.
DML’s recent office agreements
DML Capital, founded in 2012, focuses on acquiring retail and office assets, which currently manage more than 2 million square feet, more than $ 600 million in value.
In June, the Reserve company in Westchase acquired a 194,919 square foot Houston ownership in the Westchase District. Transwestern Investment Group sold it active that was completed in 1999.
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