JLL Capital Markets negotiated the sale of Timberway One, a 93,578-square-foot office property in Houston’s Energy Corridor submarket.
JLL represented seller Banyan Street Capital in the sale to LM & Associates. The seller acquired the property as part of a 2.2-million-square-foot portfolio from Parkway Properties in 2014.
Located at 15990 North Barkers Landing Rd., Timberway One is a three-story building situated in the heart of Houston’s Energy Corridor, one of the city’s most active office submarkets. The property is currently 92% leased to a diverse tenant roster across nine industries, with major tenants including thyssenkrupp, 2H Offshore and Medical Care Center.
Timberway One offers excellent accessibility via Interstate 10 and Highway 6 and is surrounded by high-end retail, dining and residential neighborhoods. Additionally, the Energy Corridor has seen significant leasing activity over the past 18 months as major corporations relocate to be closer to Houston’s growing westward population center.
The JLL Capital Markets team was led by Managing Director Marty Hogan.
