Energy Corridor Building: Austin Firm Buys Another

In Houston, Capital Commercial Investments has purchased the Energy Crossing II office building in the Energy Corridor, the second Energy Corridor building the firm has purchased in recent months in west Houston.

JLL Capital Markets represented the seller of the 327,404 SF building.

In Completed in 2014, Energy Crossing II is an eight, story property offering some of the highest quality available office space in the Energy Corridor. The property offers flexible floorplates averaging 42,648 SF that can accommodate a variety of single or multi-user configurations.

Overall, the building is approximately 30% leased and is positioned to capitalize on the “flight-to-quality” trend occurring across the office market.

In Energy Crossing II is situated on a 5.5, acre site at 15011 Katy Freeway in the heart of Houston’s Energy Corridor. The property has visibility and immediate access to Interstate 10. The Energy Corridor, located on the west side of Houston along Interstate 10, is home to hundreds of energy-related firms. The Energy Corridor brand is recognized around the globe.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Kevin McConn and Senior Director Rick Goings.

Capital Commercial Investments is a real estate private equity firm headquartered in Austin.

Founded in 1992 and led by Doug Agarwal, CCI has over 32 years of experience in identifying and acquiring undervalued commercial investment properties across the United States.

In August, CCI reported it its purchase of another Energy Corridor building. CCI The Offices at Greenhouse, a 203,284-SF office building in the Energy Corridor for $17.6 million. The five-story, Class A building is located on 4.6 acres at 19219 Katy Freeway near Greenhouse Road.

In 2024, CCI has strategically focused on the recovery of the suburban office markets in Dallas and Houston, acquiring six premier properties across these key Texas cities. The firm currently holds the distinction of being one of the largest private owners of commercial office properties in Texas, with a portfolio totaling 12.1 million sq ft. This portfolio is projected to grow to 13.1 million sq ft by the end of Q1 2025.