1700 West Loop South
94% Leased Class A Office I Attached to Marriott Hotel with Walkable Amenities I Houston, TX
Marketing description
JLL Capital Markets is pleased to offer for sale 1700 West Loop South (the “Property”), a 94.2% occupied, Class A office tower prominently located in the Galleria submarket of Houston, Texas. The Property is anchored by a full-service engineering firm Burns & McDonnell with 6.0 years of term remaining. Burns & McDonnell ranks as the 7th best engineering and architectural design firm in the United States. The company reached a record $7.3 billion in revenue in 2023 and is currently the second largest civil and structural engineering firm in the Houston MSA.
1700 West Loop South offers tenants a highly visible and strategic location providing convenient access across the region as well as direct access to Houston’s most prestigious residential neighborhoods – River Oaks, the Memorial Villages, and Tanglewood. The Property is located in the heart of the Galleria submarket, which features 24,052 apartments, more than 9,000 hotel rooms, and 6 million square-feet of retail, most of which is within walkable proximity of the Property.
Investment highlights
DURABLE CASH FLOW OFFERING ATTRACTIVE CONTRACTUAL YIELD
STABLE RENT ROLL AND CASH FLOW WITH 85% OF THE NRA LEASED FOR 7+ YEARS
INDUSTRY LEADING ANCHOR TENANT WITH SIGNIFICANT TERM
WALKABLE TO SEVERAL RESTAURANTS AND UPTOWN PARK
AMONG HOUSTON'S MOST AFFLUENT RESIDENTIAL NEIGHBORHOODS
ENHANCED WALKABILITY
CONNECTED HOTEL UNDERGOING LARGE-SCALE RENOVATIONS
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