713-852-3500
, Houston, TX for Sale
Office - FOR SALE
1/3
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HIGHLIGHTS

  • Thriving Houston Economy
  • Class A Office Asset in Nation-Leading Submarket
  • Committed Long-Term Tenancy
  • Stable In-Place Cashflow with Upside via Mark-to-Market
  • Large Block Vacancy Continues to Shrink in the Energy Corridor Houston’s
  • Unprecedented Historical Rent Growth

OVERVIEW

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Eldridge I, II, III (the “Property” or “Portfolio”), an 828,784 square foot, Class A, trophy office complex located in the heart of the Energy Corridor, one of the nation’s highest performing submarkets. The Portfolio is currently 94% leased to a diverse range of tenants with 7.0 years of weighted average lease term remaining. The Portfolio is anchored by long-term credit tenant, Fluor (BB+), who is one of the largest EPC firms in the world and recently joined the Energy Corridor with significant capital investment into their space. Additionally, since 2019, ownership has invested over $20 million in capital improvements to improve the building’s systems and reposition the property to exceed today’s office tenant expectations.

ASK ABOUT THIS PROPERTY

713-852-3500

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713-852-3500

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