3 Locations

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Eldridge I, II, III (the “Property” or “Portfolio”), an 828,784 square foot, Class A, trophy office complex located in the heart of the Energy Corridor, one of the nation’s highest performing submarkets. The Portfolio is currently 94% leased to a diverse range of tenants with 7.0 years of weighted average lease term remaining. The Portfolio is anchored by long-term credit tenant, Fluor (BB+), who is one of the largest EPC firms in the world and recently joined the Energy Corridor with significant capital investment into their space. Additionally, since 2019, ownership has invested over $20 million in capital improvements to improve the building’s systems and reposition the property to exceed today’s office tenant expectations. The Energy Corridor has seen over 10M sf of leasing since 2022, driving rent growth and declining vacancy. Strong tenant demand for well-amenitized assets like Eldridge positions the Portfolio to capture significant rental upside, with in-place rents 26.3% below market. Limited development pipeline and 93.2% leased competitive set with 8.0-year average WALT further support rental growth potential.