Pennzoil Place
711 Louisiana Street, Houston, TX, 77002, US
130 967 mètres carrés
Attributs
Année de construction
1978
Année de rénovation
2016
Superficie locative
97 583 mètres carrés
Occupation
73,56 %
Superficie du terrain nette
9,3 ha
Nombre de bâtiments
5
Places de parking
3 546
Appel d'offres
2026-05-12
Descriptif
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $75.8 Million Non-Performing Office Loan (the “Loan”). The Loan is secured by a first-lien deed of trust on CityNorth, a three-building office and two-building retail center located in Houston, Texas (the “Property”, “Properties” or “Collateral”).
The Property comprises over a million square feet of rentable area spanning across 23 acres in North Houston. The Property was renovated in 2016 and features a diverse tenant mix with an attractive weighted average lease term. As of January 2026, the Property was 73.56% occupied.
The offering presents investors with the ability to acquire a non-performing loan at a favorable basis, significantly below replacement cost, with a potential direct path to ownership via a planned Deed in Escrow.
...
Points forts de l'investissement
Amenity-Rich Environment
The Property benefits from campus-wide amenities including a high-performance fitness center, 10,000 SF conference facility, tenant lounge with recreational features, 24/7 security operations, and on-site retail and dining.
Flexible Investment Thesis
The Property’s scale and campus setting provides investors with multiple value-creation strategies, including lease-up of existing vacancy, repositioning for credit tenancy, or potential alternative use conversion
Strategic Office Location
With excellent ingress/egress to I-45 and Hwy 8, the Property is minutes from a Marriott and Hilton Hotel, and is located near desirable residential communities including Kingwood, Champions, and The Woodlands.
History of Institutional Ownership
CityNorth has benefited from stewardship by distinguished institutional office owners and managers, including Lincoln Property Company and H.I.G. Capital. Under this ownership, the Property has received ongoing capital investment allowing buyers to inherit a well-maintained asset.
Deed-in-Escrow
With a Deed-in-Escrow anticipated prior to closing, the non-perfroming Loan provides investors with a potential direct path to title at a favorable basis, significantly below replacement cost.
Média
$75.8 Million | Non-Performing Office Loan | Houston, TX | Deed-in-Escrow (0 Propriétés)
Contactez les courtiers
JLL peut vous aider à financer et à gérer votre portefeuille. Envoyez-nous un courriel aujourd'hui pour voir comment nous pouvons vous aider à réaliser vos ambitions.
Dernière mise à jour
13 avr. 2026