Houston: Three-Building Office Portfolio Purchased

Sold: 16420 Park Ten building in the Energy Corridor. Photo credit: Mabry Campbell

In Houston, Houston-based Hartman Income REIT has purchased a 254,225-SF portfolio of three office buildings in Houston.

JLL marketed the properties on behalf of the seller, In HighBrook Investors, a New York, based private equity firm. Overall, the portfolio is 55 percent leased.

The portfolio includes two buildings in the Park 10 Business Park in the Energy Corridor at 16420 Park Ten and 1400 Broadfield.

The third building is located at 7915 FM 1960, adjacent to the Willowbrook Mall in northwest Harris County.

The JLL Capital Markets team representing the seller was led by its senior director Martin Hogan.

Hartman Income REIT is led by Houstonian Allen R. Hartman. Hartman oversees a staff of over 160 employees who collectively manage more than 50 commercial properties encompassing over 7 million SF, including buildings in Houston, San Antonio and Dallas.