Sunday , 25 September 2016
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Hartman Buys Energy Corridor Building

HOUSTON An affiliate of Hartman Short Term Income Properties XX, purchased the Ashford Crossing II office building near west Houston’s Energy Corridor.

Ashford Crossing II is a 158,451 square-foot, six story office building located at Dairy Ashford Road and Whittington Drive. Built in 1983, the property is currently 87 percent leased.

“Ashford Crossing II provides Hartman XX the ability to purchase a quality asset in a great submarket at below replacement cost and provide the fund great upside potential by leasing the remaining vacant space and rolling the existing tenants to market rates,” said Al Hartman, CEO of Hartman XX.

Dan Miller and Marty Hogan of HFF represented the seller in the transaction and Dave Wheeler, Julian Kwok, CCIM and Russell Turman represented the buyer, Hartman Ashford Crossing LLC.

Hartman Short Term Income Properties XX, Inc. is a Texas-centric REIT which owns 12 properties in Dallas/Fort Worth, Houston, and San Antonio.

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