HOUSTON – Houston-based Hartman Income REIT has purchased a portfolio of three office buildings totaling 254,225 square feet in the Houston market.
JLL handled marketing for the sale on behalf of the seller, HighBrook Investors, a New York-based private equity firm. The portfolio was approximately 55 percent leased at the time of sale.
Two of the properties are located in the Park Ten Business Park within the Energy Corridor: 16420 Park Ten and 1400 Broadfield.
The third asset sits at 7915 FM 1960, adjacent to Willowbrook Mall in northwest Harris County.
The JLL Capital Markets team representing HighBrook Investors was led by senior director Martin Hogan.
Hartman Income REIT is led by Houston native Allen R. Hartman. The firm’s management team includes more than 160 employees who oversee a portfolio of over 50 commercial properties totaling in excess of 7 million square feet across Houston, San Antonio and Dallas.
Oct. 10, 2019 Realty News Report Copyright 2019
Read the new book by Ralph Bivins, Editor of Realty News Report
Houston 2020: America’s Boom Town – An Extreme Close Up
Available on Amazon
http://tiny.cc/4a2g6y