Eldridge Place_Property for Sale
Eldridge Place_Property for Sale

Eldridge Place

Houston, TX, US, Americas

Description

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Eldridge Place I, II, III (the “Property” or “Portfolio”), an 828,784 square foot, Class A, trophy office complex located in the heart of the Energy Corridor, one of the nation’s highest performing submarkets. The Portfolio is currently 94% leased to a diverse range of tenants with 7.0 years of weighted average lease term remaining. The Portfolio is anchored by long-term credit tenant, Fluor (BB+), who is one of the largest EPC firms in the world and recently joined the Energy Corridor with significant capital investment into their space. Additionally, since 2019, ownership has invested over $20 million in capital improvements to improve the building’s systems and reposition the property to exceed today’s office tenant expectations.

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Attributes

Building area net
76,997 sm
Occupancy
93.9%
Land area gross
4.14 ha
Year Built / Renovated
1994 / 2022
WALT
7 years
Investment strategy
Core Plus
Eldridge Place (3 Properties)
Eldridge Place (3 Properties)

Media

Investment highlights

  1. Thriving Houston Economy
  2. Class A Office Asset in Nation-Leading Submarket
  3. Committed Long-Term Tenancy
  4. Stable In-Place Cashflow with Upside via Mark-to-Market
  5. Large Block Vacancy Continues to Shrink in the Energy Corridor Houston’s
  6. Westward Office Migration
  7. Tenants in the Market and Their Requirements
  8. Unprecedented Historical Rent Growth
  9. Significant Capital Investment with Limited Go-Forward Capital Needed
  10. Strong Competitive Set
  11. Best in Class Amenities
Eldridge Place 4_Property for Sale
Eldridge Place 4_Property for Sale

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Last updated
Jan 14, 2026