HOUSTON – The headquarters building of Houston-based Transwestern, one of the largest commercial real estate firms in the nation, is being marketed for sale.
The 21-story office tower is located at 1900 West Loop South at San Felipe Street in the Uptown area of Houston.
The HFF company has been retained to market the 408,862 square foot building to investors for a sale that is expected to close for about $107 million or about $260 per square foot, according to the Real Estate Alert newsletter.
Situated on a 6.1-acre site, with a freestanding 8,400-square-foot restaurant, the project also has a six-level parking garage.
Occupancy in the Uptown area is strong. The 1900 West Loop South building has an occupancy rate of 94 percent.
The building is owned by a partnership that includes Denver-based Miller Global and Transwestern.
In addition to Transwestern, the building’s tenants include the NAI Houston real estate firm and attorney Jim Adler, “The Texas Hammer” personal injury law firm.
Earlier this year, Transwestern completed a renovation of its 58,000-square-foot office space there and was awarded LEED Silver certification from the U.S. Green Building Council (USGBC) in Leadership in Energy and Environmental Design (LEED) for Commercial Interiors.