JLL Capital Markets arranged the sale of 801 Travis, a 222,192-square-foot office tower in the heart of Houston’s central business district.
JLL represented the court-appointed receiver in the sale of the property to a private investor who was represented by Morris Chen.
Originally built in 1981 and renovated most recently in 2014, 801 Travis is a 21-story, 45%-leased office tower. The building features a parking garage on floors two through 11 and direct connectivity to Houston’s six-mile tunnel system, which offers a variety of retail and dining options under Houston’s central business district. Additionally, the property is attached via skybridge to the 328-room luxury JW Marriott Downtown Houston Hotel.
801 Travis is positioned on a .43-acre site at the corner of Travis and Rusk streets in the heart of Downtown Houston. The property has a variety of walkable amenities nearby, including The Understory, Greenstreet Mall, Discovery Green, The Highlight, The Toyota Center, Minute Maid Park and The Grand Opera, among others. 801 Travis also has exceptional transportation access with on ramps to Interstate 45 and 10 just a few blocks away and direct access to the METROrail, a 7.5-mile light rail line connecting key points in Houston.
JLL’s Capital Markets Investment Sales and Advisory team was led by Senior Director Rick Goings, Managing Director Marty Hogan, Senior Managing Director Tom Hall and Analysts Gianna New and Dawson Hastings.