Another Energy Corridor Office Building Sold, Market briefs

In Houston, JLL Capital Markets handled the sale of 1400 Ravello Drive, a 137,000-SF office building in the Energy Corridor in west Houston.

After a long dry spell, investors regained an interest in acquiring office buildings about a year ago.

“The Houston office market had a tremendous 2025 and we continue to see strong demand from the investment community as new properties hit the market in 2026,” said Kevin McConn of JLL.

The Ravello building, completed in 2009, is located in the Mason Creek Business Park, which is near the intersection of Interstate 10 and Mason Road.

JLL Capital Markets’ Rick Goings and Kevin McConn represented the seller, a large lending institution, in the sale to a joint venture between a local investor and a medical user that will occupy a large portion of the building.

The Ravello building sits on a 6.8-acre site with a 435-space parking garage and 135 surface parking spaces.

In addition to investors, users/occupiers have also been buying office buildings in Houston.

Last year the Energy Transfer pipeline and gas company purchased a 41-story, 1.2 million-SF tower, located at 5555 San Felipe. The building, formerly known as the Marathon Oil Tower, was purchased from Starwood.

“There were eight office assets purchased by end-users in 2025 across the Houston market, making up about 15% of the buyside capital by dollar volume, and 2026 is off to a strong start with this continuing theme. These user sales are great for the overall market, as they reduce the amount of competitive vacancy the day the asset trades,” said Goings.