Houston – CBRE announced the sale of 1800 West Loop South, a 400,101-square-foot, Class A office building located in Houston’s Galleria/Uptown office submarket.
Strategically located along Houston’s 610 West Loop, 1800 West Loop South was 81.5% occupied at the time of sale. In recent years, approximately $3.7 million was invested in capital improvements at the property.The building was purchased by KBS Capital Advisors LLC, for an undisclosed amount.
Jared Chua, Bernard Branca and Russell Ingrum of CBRE arranged the transaction on behalf of the seller, Pearlmark Real Estate Partners, Edward Easton, Jorge Perez, and Chuck Cobb.
“The sale of 1800 West Loop South is the culmination of a highly competitive process that saw strong investor interest in the Houston market due to the strength of existing fundamentals along with projections for continued future growth,” said Jared Chua, vice president at CBRE.