HOUSTON – Hartman Income REIT has acquired Ashford on the Bayou, a 127,000-square-foot office building in West Houston.
Located at 1001 S. Dairy Ashford along Buffalo Bayou just south of Memorial Drive, the five-story property sits on a heavily wooded 2.5-acre site. The recently renovated building is currently 55 percent leased, offering a mix of modernized office space and access to the surrounding green landscape.
The seller was RPD Catalyst, a Los Angeles–based real estate investor. HFF’s Dan Miller represented RPD Catalyst in the transaction.
On behalf of the buyer, HFF professionals Susan Hill and Steve Heldenfels secured a five-year, fixed-rate acquisition loan through RGA Reinsurance Company to finance the purchase. The capital structure supports ongoing asset management and leasing initiatives aimed at increasing occupancy and long-term value.
Ashford on the Bayou’s combination of recent renovations, prominent West Houston location and proximity to Buffalo Bayou positions the asset for competitive leasing activity. The site’s wooded grounds and access to nearby parkland enhance tenant appeal, supporting Hartman Income REIT’s goals to expand its office portfolio in strategic Texas submarkets.