BREAKING NEWS

Hines Lands Berg Restaurant in Downtown Tower

Harold Farb Skyscraper Sold

Hotels Sold for $137 Million

High Mortgages Frustrate Buyers

RNR Real Estate Briefs – HOU, AUS, DAL & more

East River Adding Art to the Mix

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Energy Corridor Office Project Acquired

by Realty News ReportDecember 27, 2018
Share0

HOUSTON – (Realty News Report) – Next Investments, LLC, thru a private placement offering, has acquired 11777 Katy Freeway, a 120,520-SF office park located on Interstate 10 in Houston’s west office submarket marking their first multi-tenant office building acquisition.

Payton Indermuehle and Todd Jurek of Keen Realty Group, LLC represented the Buyer. The Seller, Dornin Investment Group, was self-represented.

Financing was provided by Green Bank, N.A. thru HFF’s Houston office by Michael Johnson and Stuart Hepler.

The property consists of two buildings, 4 and 5 floor structures, with covered surface parking on 3.7 acres.

At the time of the sale the office park was 60 percent occupied.

“This was a challenging acquisition due to the office market conditions on the west side. The lending market was apprehensive and offering unattractive terms. We felt the leasing risk related to the energy industry downturn was minimal for this asset going forward. The office market, in particular this submarket, has started to recover,” said Payton Indermuehle.

Dec. 27, 2018 Realty News Report Copyright 2018

Share0
previous post
A New Twist on Space Sharing
next post
Shannon Cobb Evans Sworn-in as 2019 Chair of Houston Association of Realtors

Related posts

Hines Lands Berg Restaurant in Downtown Tower

Realty News ReportMarch 30, 2023

Harold Farb Skyscraper Sold

Realty News ReportMarch 29, 2023

Hotels Sold for $137 Million

Realty News ReportMarch 29, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact