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Park Towers 2 Office Properties in Houston, TX
Investment Highlights
- DURABLE IN PLACE CASH FLOW WITH SIGNIFICANT UPSIDE POTENTIAL
- TENANTS SEEKING NEWLY RENOVATED AND WELL-LOCATED ASSETS
- HIGHLY ACCESSIBLE INFILL LOCATION
- MEANINGFUL VALUE CREATION VIA MARK-TO-MARKET
- SIGNIFICANT CAPITAL IMPROVEMENTS BY OWNERSHIP
- TOP-TIER ONSITE AMENITIES
Executive Summary
JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire Park Towers (the “Property”), two modernized, Class A office towers within the Galleria/Uptown submarket of Houston, Texas. The 18-story, office buildings consist of 552,250 rentable square feet and is currently 89.5% leased to a diverse collection of tenants with 6.3 years of weighted average lease term remaining. Park Towers is located in the heart of the Galleria submarket, situated along the West Loop at the intersetion of Post Oak Blvd. With direct freeway frontage and Post Oak access, the Property presents superior access to Houston’s employee base due to the Property’s proximity to major thoroughfares, surrounded by high-density luxury multifamily, and an affluent residential base in Tanglewood and River Oaks. The Opportunity provides stable in-place cashflow with the ability to increase income via a tangible mark-to-market opportunity. Park Towers represents a unique opportunity to acquire a premier Class-A stabilized asset in Houston’s preferred infill submarket at an extremely attractive basis with a clear path to value enhancement.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 588,121 SF |
| Number of Properties | 2 | Total Land Area | 4.75 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 588,121 SF |
| Total Land Area | 4.75 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Park Towers North
1233 West Loop S, Houston, TX 77027 |
Office | 315,500 SF | 1972 | - |
|
Park Towers South
1333 West Loop S, Houston, TX 77027 |
Office | 272,621 SF | 1971 | - |
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Contacts
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Rick Goings -
Kevin McConn -
Jonathan Napper -
Clay Anderson -
Max Myers
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Donnita Wilson -
JLL
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Park Towers
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