Office

717 Texas

717 Texas St, Houston, TX, 77002-2761, US

Executive Summarydownload
717 Texas_Property for Sale

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717 Texas 2_Property for Sale

Asset description

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.  

Attributes

Building area Net
697,887 sf
Occupancy
66.00%
Year built
2003
Land area Net
1.11 acres (48,352 sf)

Investment highlights

  • Striking Architecture & Premier Quality
  • Significant Near Term Leasing Upside
  • Market Leading Sustainability
  • Vibrant Streetscape and Walkable Amenities
  • Diversified Rent Roll
  • Extensive Recent Renovations
  • Irreplaceable Location
  • In the Middle of the Action
  • Desireable Residential Corner
717 Texas 4_Property for Sale
717 Texas 4_Property for Sale

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Last updated
Aug 18, 2022