Prominent 3-Building Portfolio In Houston’s North Loop Submarket Changes Hands
A prominent office portfolio is under new ownership. Brookhollow Central I, II and III, a three-building, Class-A office portfolio totaling 806K SF in Houston’s North Loop submarket, was purchased by Hertz Investment Group.
The portfolio is at 2800, 2900 and 2950 North Loop West at the newly reconfigured intersection of Interstate 610 and U.S. Highway 290, just north of Houston’s Galleria submarket. In recent years the property has been constrained by construction as TxDOT works to improve 290 and the highway's connection to 610. That work is finally winding down, and the heavily trafficked intersection means tens of thousands of drivers pass this property daily.
Each building has been institutionally owned and maintained with Brookhollow Central I completely rebuilt in 2014 and nearly $16M spent on base building improvements.
HFF’s investment advisory team led by Managing Director Dan Miller and Senior Director Marty Hogan procured the buyer and represented the seller, Parmenter.