JLL Capital Markets, as the exclusive advisor, is pleased to present the opportunity to acquire 1800 Bering Drive, a modernized boutique office building located within the San Felipe/Voss submarket of Houston, Texas, near the Galleria/Uptown. The 10-story office building measures 171,510 rentable square feet and is currently 83.2% leased to a diverse collection of tenants with a remaining lease term of 4.5 years.
1800 Bering Drive is situated in the heart of Houston’s most affluent residential neighborhoods, including Tanglewood, the Memorial Villages, and River Oaks, which are home to many influential decision-makers. Just outside the Galleria/Uptown, the office is minutes away from rich amenities without tenants having to endure daily congestion. 1800 Bering Drive is surrounded by 610 West Loop, Interstates 10 and 59, providing premier connectivity to Houston’s employee base in any direction. The near-stabilized occupancy and significant capital improvements by the current owner present a unique opportunity to acquire an exceptionally high-quality infill boutique office asset with an attractive in-place yield and tangible upside at a highly competitive basis.