Pennzoil Place
711 Louisiana Street, Houston, TX, 77002, US
130,967 m²
Description
JLL Capital Markets, serving as exclusive advisor, is pleased to present for sale a partial leasehold interest in 601 Jefferson, a 1,047,748 square foot office tower strategically positioned in Houston’s Central Business District. Built in 1973, this prime asset sits on 1.47 acres in an urban infill location with nearby residential, retail, hospitality, dining, public parks, transit, and entertainment amenities. The offering includes the adjacent parking garage at 701 Jefferson, providing substantial parking revenue and above-market parking ratios.
With 91% current occupancy anchored by KBR’s 87% building lease, 601 Jefferson delivers immediate cash flow stability while offering compelling value creation opportunities. This robust investment opportunity combines stable near-term cash flow with multiple value creation pathways, positioned within one of downtown Houston’s most desirable and accessible locations.
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Attributes
Building area net
97,339 m²
Occupancy
91.45%
WAULT
4.4 years
Year built
1973
Stories
42 (40 with 2 basement Levels)
Land area gross
1.19 ha
Typical Floor Size
24,608 - 26,120 SF
Media
Investment Highlights
- Stabilized Office Asset Offered at Attractive Basis
- Exceptional Conversion Opportunity
- Superior Accessibility with Highway Visibility
- Significant Capital Investments by Current Ownership
- Excellent Building Functionality Offering Multiple Stabilization Strategies
- Fully Amenitized, Walkable Location
- Centralized Urban Location
Contact brokers
601 Jefferson (0 Properties)
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Last updated
14 Oct 2025
