JLL Capital Markets arranged the sale of 4646 W Sam Houston North, an approximately 225,000-square-foot vacant office building in Houston, Texas.
JLL represented the seller. The buyer was US Property Management.
4646 W Sam Houston Pkwy North, built in 2001, is situated in Westway Park, a 150-acre master-planned business park in Houston’s Westbelt submarket. The nine-story property offers direct frontage on Sam Houston Pkwy., providing visibility to more than 205,000 vehicles per day and features 722 total parking spaces with an exceptional parking ratio of 3.2 per 1,000 square feet. Situated near Hwy-249, Hwy-290 and I-10, the office building is near essential business amenities including hotels, restaurants and recreational facilities.
Houston’s Energy Corridor continues to demonstrate strong market fundamentals, with West Houston experiencing over 10 million square feet of leasing activity since 2022. The robust leasing activity has propelled the submarket to some of the strongest momentum in the country, with rental rates increasing approximately 20% over the last 12 months due to limited quality supply and strong tenant demand.
The property had been continuously occupied by Cameron and Schlumberger since its construction. Schlumberger vacated the building in November 2024, and the building was sold vacant. Located within five miles of over 257,000 residents with an average household income of $118,301, the asset benefits from superior demographics and a strong residential base in one of Houston’s premier corporate locations.
JLL Capital Markets’ transaction team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.
