JLL Capital Markets completed the sale of Ten Plaza West, a 105,493-square-foot, Class-B office property in West Houston, Texas.
JLL represented the seller, Parkview Financial, in the sale of the property to private investor.
Ten Plaza West is located immediately adjacent to the Katy Freeway/Interstate 10 in Houston’s Energy Corridor, home to many of the city’s top employers. The property is proximate to many of Houston’s top neighborhoods, including Memorial Villages, Katy and Eldridge Oaks. In addition, Ten Plaza West is at the intersection of I-10 and Highway 6 providing connectivity to the George Bush International Airport, Downtown Houston, the Galleria and the surrounding suburbs.
Recently renovated, the six-story property offers a modern lobby and abundant on-site parking for 370 vehicles. The asset is 76% occupied to a variety of tenants, including companies in the oil and gas industry, construction, financial services, law and more.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Marty Hogan.
