JLL Capital Markets secured fixed-rate acquisition financing with an insurance company for 3555 Timmons, a 227,064-square-foot, Class-A office building in Houston’s Greenway Plaza district.
JLL worked on behalf of the borrower, DML Capital, to secure financing for the acquisition.
The property, built in 1982 and comprehensively renovated in 2017 and most recently in 2024, showcases modern amenities throughout its 227,064 square feet of rentable space. The building has undergone significant capital improvements, including a complete first-floor lobby renovation, restroom and corridor upgrades throughout floors one through 14, installation of two new 350-ton York chillers and the addition of a state-of-the-art conference center. These enhancements have transformed the building into a contemporary workspace featuring sleek, modern design elements and a welcoming ambiance for tenants and visitors.
The building is currently 95 percent leased and anchored by the Houston-Galveston Area Council, which occupies approximately 34 percent of the building. The tenant roster includes a well-diversified mix across industries, including government, finance, legal services, oil and gas, consulting and logistics, minimizing overexposure to any single sector.
Located within Houston’s inner loop, the property provides unparalleled access to the city’s most affluent residential neighborhoods, including River Oaks, West University Place and Afton Oaks. The office tower sits on 1.84 acres and commands exceptional visibility with frontage along both Timmons Lane and Edloe Street, benefiting from exposure to more than 50,000 vehicles per day.
Additionally, the property benefits from its prime location within the Greenway Plaza master-planned commercial district, offering tenants immediate proximity to upscale retail and dining destinations, including the Shops at Greenway, River Oaks Shopping District, Highland Village and Rice Village.
The JLL Capital Markets team was led by Managing Director Michael Johnson and Director Michael King supported by Analysts Scot Sarlin and James Lovell.
