Pennzoil Place
711 Louisiana Street, Houston, TX, 77002, US
130 967 m²
Description
JLL Capital Markets is pleased to present the exclusive opportunity to acquire a 100% fee simple interest in 575 N Dairy Ashford (the "Property"), a premier Class-AA office tower in Houston’s dynamic Energy Corridor. Anchored by the global headquarters of Baker Hughes, the 306,721-square-foot, LEED Gold certified building is 99.2% leased to a diverse tenant roster. The Property is part of the Energy Center office developments within the Energy Corridor, currently at 98% occupancy across all five properties.
The Property benefits from exceptional leasing momentum and a powerful market backdrop. The Energy Corridor has recorded nearly 11 million square feet of leasing since 2022, driving significant rent growth and declining vacancy. This strong demand for well-amenitized, institutional-quality assets positions 575 N Dairy Ashford to capture substantial rental upside, with its in-place rents currently 34% below market rates. This growth potential is further supported by a limited development pipeline and a competitive set that is 93.2% leased.
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Caractéristiques de l'actif
Surface de l'actif Net
28 495 m²
Occupation
99,2 %
Année de construction
2009
Nombre d'étages
12
Average Mark-To-Market
38%
Taille du terrain Brut
1,76 hectare
Parking Ratio
4.00 / 1,000 SF
Média
Points clés d'investissement
- World-Class Design & Quality
- Market Leading Sustainability
- Institutionally Developed, Owned & Maintained
- Well Occupied Asset with Robust Leasing Momentum
- Attractive In-Place Yield with Risk Adjusted Returns
- Industry Leading Investment Grade Anchor Tenant
- Stable Cash Flow with Upside Via Mark-To-Market
Contacter l'équipe
Energy Center II | 575 N Dairy Ashford (0 actifs)
