$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
Office
Two Riverway
2 Riverway, Houston, TX, 77056-1939, US
Gallery
Asset description
Jones Lang LaSalle ("JLL"), as exclusive advisor, is pleased to present for sale a 100% fee simple interest in 2 Riverway ("the Property"), a 369,479 square-foot Class A office building located in an irreplaceable urban infill, walkable location with close proximity to some of Houston's most prestigious residential neighborhoods and commercial districts
Attributes
Building area Net
369,479 sf
Occupancy
60.00%
Year built
1980
Land area Net
5.29 acres (230,432 sf)
Investment highlights
- CORE INFILL LOCATION
- INSTITUTIONALLY PREFERRED SUBMARKET FOR HOUSTON OFFICE INVESTORS
- OFFERED AT A SUPERIOR BASIS, SIGNIFICANT DISCOUNT TO REPLACEMENT COST
- DIVERSIFIED RENT ROLL WITH LIMITED ENERGY EXPOSURE
- RECENT LEASING VELOCITY DUE TO SUCCESSFUL SPEC SUITE PROGRAM
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Last updated
Nov 30, 2022