JLL Capital Markets closed the sale of 601 Jefferson, a 1,047,748-square-foot office tower in Houston’s Central Business District.
JLL represented the seller, Net Lease Office Properties, in the sale of the property to Namdar Realty Group.
Originally built in 1973, 601 Jefferson stands 42 stories tall and offers flexible floorplates and abundant on-site parking in the adjacent 701 Jefferson St. garage, which was also included in the offering. The property is 92% leased and anchored by KBR, which occupies close to 90% of the building.
The office tower and the parking garage comprise 2.94 acres in total in the southern portion of downtown Houston. 601 Jefferson is just a few blocks from Interstate 45, providing north/south freeway access and connections to Interstates 10, 69 and 610. The property is a quick drive from Montrose, Midtown and the Heights, three of Houston’s most popular urban neighborhoods, and is within walking distance of numerous amenities in downtown, including GreenStreet Mall, Discovery Green, Downtown Center at the Met and the Whitehall Hotel.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Kevin McConn and Senior Managing Director Jeff Hollinden.
