HOUSTON – (Realty News Report) – Austin-based Capital Commercial Investments Inc., has purchased The Offices at Greenhouse, a 203,284-SF office building in the Energy Corridor for $17.6 million.
The five-story, Class A building is located on 4.6 acres at 19219 Katy Freeway near Greenhouse Road.
Transwestern’s Doug Little, Kelli Gault and Jack Scharnberg have been selected to provide leasing services for the building.
Capital Commercial acquired the property from KBS Growth & Income REIT. The REIT, based in Newport Beach, Calif., acquired the Offices at Greenhouse in November 2016 for $47 million.
The building, which was completed in 2014, was developed by Stream Realty Partners in partnership with J.P. Morgan Asset Management, on behalf the institutional investors it advises, and Wile Interests of Houston. The project was conceived as part of a 12-acre mixed-use project located at the southeast corner of the Katy Freeway and Greenhouse Road
“Employers recognize that employees prefer to avoid a 45-minute commute to the Galleria area and the influx of tenants entering this market make it an exceptionally attractive opportunity,” said Doug Agarwal, Founder and President of Capital Commercial.
“There is a strong demand for high-quality office space in the Energy Corridor,” said Transwestern’s Little. ‘The walkable amenities and high visibility at The Offices at Greenhouse are second to none and are already attracting tenants looking for Class A space in this submarket.”
The Energy Corridor, located on the west side of Houston along Interstate 10, is home to hundreds of energy-related firms. The Energy Corridor brand is recognized around the globe.
Aug. 6, 2024 Realty News Report Copyright 2024
Image: Transwestern
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File: Austin Firm Buys Energy Corridor Tower for $17.6 million Transwestern Austin Capital Commercial Austin Firm Buys Energy Corridor Tower for $17.6 million