$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
JLL Capital Markets, as exclusive advisor to the owner, is pleased to present for sale a 100% fee simple interest in 717 Texas (“the Property”), a 697,887 SF Class A office tower in Houston’s vibrant and growing North Downtown. The current ownership recently spent over $12 million to complete lobby upgrades, tenant conference areas, and an expansive green space on the 12th Floor patio. 717 Texas has seen strong leasing momentum in the last 24 months and is one of the only Houston CBD buildings to positive absorption during the pandemic, executing over 200,000 square feet of new leases and renewals. The Property represents a unique opportunity to acquire institutional quality, Class A CBD office tower with significant near term upside potential from completing the on-going lease-up.