JLL Capital Markets closed the sale and arranged the financing of 1800 Bering, a 171,510-square-foot, Class-A office building in Houston, Texas.
JLL represented the seller, KBS, and procured the buyer, local private equity firm, DML Capital. JLL also worked on behalf of DML Capital to secure a three-year acquisition loan with an insurance company.
1800 Bering is located between Westheimer Rd. and San Felipe St. just west of The Galleria and Uptown submarkets, which offer numerous retail, dining and entertainment amenities, many within walking distance. The property benefits from immediate access to Interstate 10, Loop 610 and several major Houston thoroughfares, providing access throughout the Greater Houston area. Additionally, 1800 Bering is close to affluent residential neighborhoods, including The Villages, River Oaks, Briar Forest and Memorial.
During its ownership, KBS implemented a series of strategic improvements to 1800 Bering, designed to enhance the tenant experience and strengthen the building’s competitive positioning, including upgraded lobbies on all floors, new elevator cabs, refreshed common areas, updated monument signage, and a comprehensive landscaping redesign that features intricately manicured grounds, beautiful mature trees, shrubbery and seasonal flowers. The property is currently 83.2% leased to a diverse rent roll of tenants and offers on-site amenities, including an on‑site micro market, tenant lounge, conference center and outdoor patio. The asset is WiredScore® Gold certified, has earned the WELL Health‑Safety Rating, and received the 2024 Kingsley Excellence Award for Tenant Satisfaction.
JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Kevin McConn and Marty Hogan.
JLL’s Debt Advisory team representing DML Capital was led by Managing Director Michael Johnson and Senior Director Michael King.
