Austin Firm Acquires Three Office Buildings in Memorial Area
CapRidge has acquired three buildings in Houston.
HOUSTON – Austin-based CapRidge Partners LLC has acquired a three-building office portfolio totaling 544,291 square feet in Houston’s Memorial/Tanglewood submarket. The portfolio comprises 1616 Voss, 7500 San Felipe and 6363 Woodway.
The seller, a partnership led by Unilev Capital, was represented by HFF brokers Dan Miller, Marty Hogan and Johnny Kight. Leasing for the three buildings, each under 200,000 square feet, will be handled by Craig McKenna and Matthew Asvestas of Stream Realty Partners.
HFF’s Jim Curtin and Andy Scott arranged financing for the transaction through New York Life. Since 2012, CapRidge has acquired 33 office buildings, expanding its footprint across key Texas markets.
Dan Terpening, director at CapRidge Partners, said, “We are excited to expand CapRidge Partners’ presence in the dynamic Houston market. The portfolio provides a great opportunity to add value by leveraging our disciplined investment approach and operational expertise.”
