HOUSTON – (Realty News Report) – Kline Properties, an Austin real estate group, has acquired the historic Hogg Palace Lofts, an eight-story mixed-use building located at 401 Louisiana Street in downtown Houston.
JLL’s Chip Nash and Bob Heard and Houston Income Properties’ Jim Hurd and Bishale Patel represented the seller, Randall Davis Company.
Constructed in 1921, Hogg Palace now stands as an historical building as designated by the Texas Historical Commission. The building once housed the office of William C. Hogg, businessman, philanthropist and son of Texas Governor James Hogg. It also was once home to the automobile retailer Armor Auto Company.
The Randall Davis Company converted the building to lofts in 1995. Hogg Palace Lofts now features 79 units, distinguished by soaring ceilings, exposed air conditioning ducts and industrial brick and concrete walls, with units ranging in size from 670 square feet to 1,811 SF.
The building also features retail and office space on the first and eighth floors totaling 14,212 SF. The building has a total of 80,343 SF of rentable space.
The Hogg Lofts building sits on a block bounded by Milam, Prairie, Preston and Louisiana. Located in a section of downtown near new development, the building covers a half-block near Market Square Park.