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Eldridge 3 Office Properties in Houston, TX
INVESTMENT HIGHLIGHTS
- Thriving Houston Economy
- Committed Long-Term Tenancy
- Large Block Vacancy Continues to Shrink in the Energy Corridor Houston’s
- Class A Office Asset in Nation-Leading Submarket
- Stable In-Place Cashflow with Upside via Mark-to-Market
- Unprecedented Historical Rent Growth
EXECUTIVE SUMMARY
JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Eldridge 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.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 831,016 SF |
| Number of Properties | 3 | Total Land Area | 13.94 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 831,016 SF |
| Total Land Area | 13.94 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Three Eldridge
737 N Eldridge Pky, Houston, TX 77079 |
Office | 308,186 SF | 2009 | - |
|
Two Eldridge
757 N Eldridge Pky, Houston, TX 77079 |
Office | 277,515 SF | 1986 | - |
|
One Eldridge
777 N Eldridge Pky, Houston, TX 77079 |
Office | 245,315 SF | 1985 | - |
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CONTACTS
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Jeff Hollinden -
Marty Hogan -
Kevin McConn -
Rick Goings -
Clay Anderson -
Dawson Hastings
-
Sherri Rollins
-
JLL
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Eldridge
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