HOUSTON - The Khoshbin Company purchased two office buildings in the Greenspoint market in North Houston. The two properties are: 333 North Sam Houston Parkway East and 10700 Interstate 45 North, multi-tenant office buildings totaling 395,424 square feet.
333 North Sam Houston Parkway East and 10700 Interstate 45 North are located within the Greenspoint submarket of Houston close to the George Bush Intercontinental Airport north of downtown Houston. 333 North Sam Houston Parkway East is a 12-story, 213,777-square-foot building with a four-level, 704-space parking garage. The property is currently 72 percent leased. 10700 Interstate 45 North has 181,647 square feet of space that is currently 47 percent leased. The property features a five-level, 434-space parking garage.
HFF marketed the property under leadership of HFF’senior managing director Dan Miller and director Martin Hogan.
“The very positive and improving real estate fundamentals in Houston present one of the best buying opportunities in decades,” said Manny Khoshbin, head of The Khoshbin Company.
The Khoshbin Company, headed by Manny Khoshbin, is a privately-held commercial real estate company based in Irvine, California that specializes in acquiring, managing and repositioning of Class A and Class B industrial, retail and office properties.
The Greenspoint market is expected to be challenged when ExxonMobil vacates a large amount of space and relocates to its new corporate campus, which is under cosntruction.