JLL Capital Markets has closed the sale of 363 North Belt, a 386,277-square-foot, 20-story office building in North Houston, Texas. Terms of the transaction were not disclosed.
JLL represented the seller, Manny Khoshbin, a private California-based investor, and procured the buyer, Realty.com, led by CEO Lance Custen.
363 North Belt is positioned on a 3.79-acre site just east of the Interstate 45 and North Sam Houston Parkway interchange in North Houston. This places the property within minutes of George Bush Intercontinental Airport and within a short drive of the master-planned communities of The Woodlands, Kingwood and Atascocita.
Additionally, 363 North Belt is approximately 15 to 20 minutes north of downtown Houston and the Galleria/Uptown District. Renovated in 2012, the LEED Gold office building features a seven-level, 1,182-space connected parking structure as well as a fitness center, conference facility, restaurant/deli and 24-hour security.
The JLL Capital Markets team representing the seller was led by senior directors Martin Hogan and Kevin McConn.