Highbrook Investors Sells Houston Office Portfolio

JLL completes sale of value-add Houston office portfolio

October 10, 2019 – JLL announced today that it has closed the sale of a three-property office portfolio totaling 254,225 square feet in Houston, Texas.

JLL marketed the property on behalf of the seller, HighBrook Investors, and procured the buyer, Hartman Income REIT.

The portfolio comprises 16420 Park Ten and 1400 Broadfield, which are located in the Park 10 Business Park in Houston’s Energy Corridor, as well as 7915 FM 1960, which is located adjacent to the Willowbrook Mall in northwest Harris County. All three properties are situated in busy commercial corridors and have exceptional freeway access being located along Interstate 10/Katy Freeway and Texas State Highway 249. Overall, the portfolio is 55% leased.

The JLL Capital Markets team representing the seller was led by Senior Director Martin Hogan.