DOCSLIB.ORG

±2.1 Acres at 5850 San Felipe St

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
±2.1 Acres at 5850 San Felipe St ±2.1 ACRES AT 5850 SAN FELIPE ST BROKER CONTACT: JP Hayes, Vice President | [email protected] | 713.955.4473 Downtown 158K + 50M + SF 12 Fortune 500 jobs office space companies GREENWAY BLVD PLACE WILLIAMS TOWER · World’s tallest skyscraper outside MEMORIAL PARK FOUR OAKS PLACE of a central business district One of the largest urban · 1.4 M+ SF Class A Office parks in the US. FOUR LEAF TOWERS CORPORATE OFFICE THE GALLERIA UPTOWN PARK TANGLEWOOD MS HEADQUARTERS SAN FELIPE PLAZA WESTHEIMER RD 1M SF CLASS A OFFICE SPACE TANGLEWOOD Home Values up to $5.9M GABLES TANGLEWOOD T.H. ROGERS AUGUSTA DR SCHOOL TATE AT TANGLEWOOD ±2.1 ACRES 5850 SAN FELIPE ST TANGLEWOOD CONDOMINIUM SAN FELIPE ST FOUNTAIN VIEW DR BRIARGROVE Home Values up to $2.5M dmre.com 1 PROPERTY DETAILS 5850 San Felipe St ADDRESS Houston, TX 77057 LAT., LONG. 29.750601, -95.483204 SIZE ±2.1 Acres UTILITIES Available HISD: Briargrove Elementary SCHOOLS Grady MS Lee HS PARCEL ID 0690910000034 OWNER 5850 SIERRA HOLDINGS LLC PRICE Call for pricing RESTRICTIONS None LEGAL TR 27C POST OAK ESTATES DETENTION Onsite FLOODPLAIN No dmre.com 2 BUILDING DETAILS FLOORS 6 Floors TOTAL SF 101,872 SF 1ST FLOOR SF 16,142 SF 2ND FLOOR SF 17,085 SF 3RD FLOOR SF 17,915 SF 4TH FLOOR SF 16,166 SF 5TH FLOOR SF 17,500 SF 6TH FLOOR SF 17,064 SF PARKING 373 Total Spaces OCCUPANCY 77.46% dmre.com 3 2019 DEMOGRAPHICS 0-1 mi 0-3 mile 0-5 miles 2019 POPULATION ESTIMATE 26,595 181,326 512,103 5-YR EST. POPULATION GROWTH 2.9% 3.4% 2.9% AVERAGE HOUSEHOLD INCOME $143,103 $126,743 $128,659 MEDIAN VALUE OF OWNER OCCUPIED HOUSING UNITS $282,189 $336,214 $321,025 2019 TAX RATES MAKING AN OFFER 001 HOUSTON ISD 1.136700 Offers should be presented in the form of a non-binding Letter of Intent, and should include: 040 HARRIS COUNTY 0.407130 • Pricing • Description of Debt/Equity Structure 041 HARRIS CO FLOOD CNTRL 0.027920 042 PORT OF HOUSTON AUTHY 0.010740 • Due Diligence and Closing Timeframe • Qualifications to Close 043 HARRIS CO HOSP DIST 0.165910 • Earnest Money Deposit • Development Plans 044 HARRIS CO EDUC DEPT 0.005000 Dosch Marshall Real Estate (DMRE) has been exclusively retained to represent the Seller in the marketing and sale of this property. 048 HOU COMMUNITY COLLEGE 0.100263 All inquiries about the Property should be directed to DMRE. 061 CITY OF HOUSTON 0.567920 CLICK HERE FOR LISTING TOTAL 2.421583 dmre.com 4 dmre.com 4 AREA HIGHLIGHTS MEMORIAL CITY · 38TH LARGEST MALL IN THE US. · 2.9M SF CLASS A OFFICE SPACE. ENERGY CORRIDOR COUNTRY SQUIRE ESTATES Home Values up to $6.9M 2ND LARGEST MEDICAL CAMPUS IN HOUSTON WITH 2.5M SF S VOSS RD DMRE TRANSACTION SAN FELIPE PLAZA 1M SF CLASS A OFFICE SPACE BRIARGROVE Home Values up to $2.5M FOUNTAIN VIEW DR ±2.1 ACRES 5850 SAN FELIPE ST AUGUSTA DR SAN FELIPE ST T.H. ROGERS SCHOOL GABLES TANGLEWOOD TANGLEWOOD Home Values up to $5.9M dmre.com 5 PROPERTY SURVEY 201.75' 454.28' ±2.1 ACRES 454.28' 201.75' dmre.com 6 AREA HIGHLIGHTS dmre.com 7 PRIME LOCATION PRIME DEVELOPMENT SITE NEAR UPTOWN/GALLERIA • Occupies 500 acres in the 15th largest business district in the US with 2,000+ companies and 26M+ SF of commercial space. • Adjacent to the highly rated T.H. Rogers School; an alternative and primary school that has a student population of 900+ students and a specialized staff of over 200. • Located at a signalized intersection with close adjacency to the H-E-B anchored retail center; Tanglewood Court. CONVENIENT ACCESS TO 610 VIA SAN FELIPE • Loop 610 is 1.64 miles east of the property. • I-10 is located 2.3 miles north of the Property CLOSE TO HOUSTON’S BEST ENTERTAINMENT AND RETAIL • Located about a mile from the Galleria, the U.S.’ fourth largest retail complex and No. 1 performing mall in Houston. • Memorial Park, River Oaks, Upper Kirby, The Heights, Washington Corridor, Rice Village, and The Galleria Memorial City are within 5 miles of the Property. Uptown/Galleria Tanglewood Court - H-E-B Memorial Park dmre.com 8 dmre.com 8 LISTINGS TEAM JP Hayes David Marshall Tim Dosch Vice President Principal Principal [email protected] [email protected] [email protected] 713.955.4473 713.955.3126 713.955.3127 Tom Dosch Clark Dalton Principal Senior Vice President [email protected] [email protected] 713.955.3125 713.955.3122 MARKETING & OPERATIONS TEAM Courtney Ray Jessica Mercado Joann Lim Jessica Lukert Marketing Director Administrative Coordinator Marketing Coordinator Administrative Coordinator dmre.com 9 INFORMATION ABOUT BROKERAGE SERVICES APPROVED BY THE TEXAS REAL ESTATE COMMISSION FOR VOLUNTARY USE. TEXAS LAW REQUIRES ALL REAL ESTATE LICENSEES TO GIVE THE FOLLOWING INFORMATION ABOUT BROKERAGE SERVICES TO PROSPECTIVE BUYERS, TENANTS, SELLERS AND LANDLORDS. Before working with a real estate broker, you should know IF THE BROKER ACTS AS AN INTERMEDIARY: If you choose to have a broker represent you, that the duties of a broker depend on whom the broker A broker may act as an intermediary between the parties if you should enter into a written agreement with the represents. If you are a prospective seller or landlord (owner) the broker complies with The Texas Real Estate License Act. broker that clearly establishes the broker’s obligations or a prospective buyer or tenant (buyer), you should know The broker must obtain the written consent of each party to and your obligations. The agreement should state how that the broker who lists the property for sale or lease is the the transaction to act as an intermediary. The written consent and by whom the broker will be paid. You have the right owner’s agent. A broker who acts as a subagent represents must state who will pay the broker and, in conspicuous bold to choose the type of representation, if any, you wish the owner in cooperation with the listing broker. A broker or underlined print, set forth the broker’s obligations as an to receive. Your payment of a fee to a broker does not who acts as a buyer’s agent represents the buyer. A broker intermediary. The broker is required to treat each party honestly necessarily establish that the broker represents you. may act as an intermediary between the parties if the and fairly and to comply with The Texas Real Estate License Act. If you have any questions regarding the duties and parties consent in writing. A broker can assist you in locating responsibilities of the broker, you should resolve those a property, preparing a contract or lease, or obtaining A broker who acts as an intermediary in a transaction: questions before proceeding. financing without representing you. A broker is obligated by law to treat you honestly. 1. shall treat all parties honestly; IF THE BROKER REPRESENTS THE OWNER: 2. may not disclose that the owner will accept a price less than The broker becomes the owner’s agent by entering into an the asking price unless authorized in writing to do so by the agreement with the owner, usually through a written - listing owner; agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent 3. may not disclose that the buyer will pay a price greater than may work in a different real estate office. A listing broker or the price submitted in a written offer unless authorized in subagent can assist the buyer but does not represent the writing to do so by the buyer; and buyer and must place the interests of the owner first. The 4. may not disclose any confidential information or any buyer should not tell the owner’s agent anything the buyer information that a party specifically instructs the broker in would not want the owner to know because an owner’s agent writing not to disclose unless authorized in writing to disclose must disclose to the owner any material information known the information or required to do so by The Texas Real Estate to the agent. License Act or a court order or if the information materially relates to the condition of the property. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer’s agent by entering into an With the parties’ consent, a broker acting as an intermediary agreement to represent the buyer, usually through a written between the parties may appoint a person who is licensed under buyer representation agreement. A buyer’s agent can assist The Texas Real Estate License Act and associated with the the owner but does not represent the owner and must place broker to communicate with and carry out instructions of one the interests of the buyer first. The owner should not tell a party and another person who is licensed under that Act and buyer’s agent anything the owner would not want the buyer associated with the broker to communicate with and carry out to know because a buyer’s agent must disclose to the buyer instructions of the other party. any material information known to the agent. Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records. BROKER FIRST NAME LICENSE NO. EMAIL PHONE BUYER, SELLER, LANDLORD OR TENANT BUYER, SELLER, LANDLORD OR TENANT Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC).
Load more

Recommended publications
  • Energy Star Qualified Buildings
    1 ENERGY STAR® Qualified Buildings As of 1-1-03 Building Address City State Alabama 10044 3535 Colonnade Parkway Birmingham AL Bellsouth City Center 600 N 19th St. Birmingham AL Arkansas 598 John L. McClellan Memorial Veterans Hospital 4300 West 7th Street Little Rock AR Arizona 24th at Camelback 2375 E Camelback Phoenix AZ Phoenix Federal Courthouse -AZ0052ZZ 230 N. First Ave. Phoenix AZ 649 N. Arizona VA Health Care System - Prescott 500 Highway 89 North Prescott AZ America West Airlines Corporate Headquarters 111 W. Rio Salado Pkwy. Tempe AZ Tempe, AZ - Branch 83 2032 West Fourth Street Tempe AZ 678 Southern Arizona VA Health Care System-Tucson 3601 South 6th Avenue Tucson AZ Federal Building 300 West Congress Tucson AZ Holualoa Centre East 7810-7840 East Broadway Tucson AZ Holualoa Corporate Center 7750 East Broadway Tucson AZ Thomas O' Price Service Center Building #1 4004 S. Park Ave. Tucson AZ California Agoura Westlake 31355 31355 Oak Crest Drive Agoura CA Agoura Westlake 31365 31365 Oak Crest Drive Agoura CA Agoura Westlake 4373 4373 Park Terrace Dr Agoura CA Stadium Centre 2099 S. State College Anaheim CA Team Disney Anaheim 700 West Ball Road Anaheim CA Anahiem City Centre 222 S Harbor Blvd. Anahiem CA 91 Freeway Business Center 17100 Poineer Blvd. Artesia CA California Twin Towers 4900 California Ave. Bakersfield CA Parkway Center 4200 Truxton Bakersfield CA Building 69 1 Cyclotron Rd. Berkeley CA 120 Spalding 120 Spalding Dr. Beverly Hills CA 8383 Wilshire 8383 Wilshire Blvd. Beverly Hills CA 9100 9100 Wilshire Blvd. Beverly Hills CA 9665 Wilshire 9665 Wilshire Blvd.
    [Show full text]
  • Robert Kinsell
    H O O K S – E P S T E I N G A L L E R I E S 2631 Colquitt Houston, TX 77098 713.522.0718 ROBERT KINSELL EDUCATION 1985 University of Wisconsin/Madison, MFA Painting 1984 University of Wisconsin/Madison, MA Painting 1973 DePauw University, Greencastle, Indiana, BA 1971 Great Lakes College Association, New York Arts Program, Apprenticeship to Philip Pearlstein SELECTED SOLO EXHIBITIONS 2016 Blazes in the Desert, Hooks-Epstein Galleries, Houston, TX 2012 Object Lessons, McMurtrey Gallery, Houston, TX 2010 Concrete Illusions, McMurtrey Gallery, Houston, TX 2008 The Desert, Inside and Out, McMurtrey Gallery, Houston, TX 2007 Against the Wall, Ann Nathan Gallery, Chicago, IL 2006 Imposed Realities, McMurtrey Gallery, Houston, TX 2004 Past and Present, Longview Museum of Fine Art, Longview, TX New Paintings, McMurtrey Gallery, Houston, TX 2002 McMurtrey Gallery, Houston, TX 2001 The Digital Print, The Image Gallery, Longview, TX Reality - Virtual and Otherwise, The Texas Christian University, Ft. Worth, TX 2000 Robert Kinsell: New Paintings, McMurtrey Gallery, Houston, TX 1999 Robert Kinsell, The Secret Life of Objects: Ten Years in Texas, Museum of East Texas, Lufkin, TX 1998 McMurtrey Gallery, Houston, TX 1996 McMurtrey Gallery, Houston, TX 1994 Robert Kinsell: Still Life Paintings, Lon Morris College, Jacksonville, TX 1993 McMurtrey Gallery, Houston, TX 1991 McMurtrey Gallery, Houston, TX 1988 University of Wisconsin Center, Janesville, WI 1987 Rahr-West Museum, Manitowoc, WI 1978 Dobrick Gallery, Chicago, IL 1974 Three Form Gallery, Chicago, IL 1973 Krannert Drawing Room, Purdue University, West Lafayette, IN SELECTED GROUP EXHIBITIONS 2007 Red Revisited, McMurtrey Gallery, Houston, TX SFA Faculty Exhibition, SFA Gallery, Stephen F.
    [Show full text]
  • K:\ARPEGGIO\LIBRARY\Html\2013 Lobby Lists
    TEXAS ETHICS COMMISSION 2013 LIST OF REGISTERED LOBBYISTS WITH EMPLOYERS/CLIENTS (EMP/C) SORTED BY CONCERN NAME Employer/Client Concern Mailing Address Lobbyist Lobbyist Address Compensation Type Amount Termination Date 10-Needham Inc. 16807 Needham Road Conroe, TX 77385 Eissler, W. Robert 1122 Colorado, Suite 200 Austin, TX 78701 Prospective Less Than $10,000.00 12/31/2013 1st American Pension Services, Inc. 1400 North Cooper Street Arlington, TX 76011 Bresnen, Steve 1801 Lavaca St. STE 13L Austin, TX 78701 Prospective Less Than $10,000.00 12/31/2013 2009 McKinney Management LLC Two Lincoln Center 5420 LBJ Freeway, Ste 550 Dallas, TX 75240 Woods, Lee A. 1122 Colorado, Ste 301 Austin, TX 78701 Paid $50,000 - $99,999.99 12/31/2013 24 Hour Fitness USA, Inc. 12647 Alcosta Boulevard, Suite 500 San Ramon, CA 94583 Goodell-Polan, Deborah P.O. Box 50272 Austin, TX 78763 Paid Less Than $10,000.00 12/31/2013 269 Kaufman Partners, LTD 5953 Dallas Parkway Suite 200 Plano, TX 75093 Booth, Brittney 1980 Post Oak Boulevard Suite 1380 Houston, TX 77056 Prospective Less Than $10,000.00 12/31/2013 Kuhl, P. John Jr. 1980 Post Oak Boulevard Suite 1380 Houston, TX 77056 Prospective Less Than $10,000.00 12/31/2013 Sanford, Marion 1980 Post Oak Boulevard Suite 1380 Houston, TX 77056 Prospective Less Than $10,000.00 12/31/2013 345 Fort Bend County JV 3200 Southwest Freeway Suite 3000 Houston, TX 77027 Carter, Nancy Allen Boone Humphries Robinson LLP 3200 Southwest Prospective Less Than $10,000.00 12/31/2013 Freeway, Ste 2600 Houston, TX 77027 Hogan, Kristen 3200 Southwest Freeway Suite 2600 Houston, TX 77027 Prospective Less Than $10,000.00 12/31/2013 Lary, Camm C.
    [Show full text]
  • Iconic Tower — Transformed for Today Rebuilding the Tenant Experience from the Ground Up
    Iconic Tower — Transformed for Today Rebuilding the tenant experience from the ground up —————— —————— This landmark tower has been transformed A new freestanding restaurant with an engaging into a modern, sustainable, innovation hub to outdoor space will be ideal for activities; a new food support Houston’s leading creative companies — hall-style café on the ground level offers healthy designed to meet or exceed the demands and convenient menu options; new common-areas of a changing workforce, today and tomorrow. include a comfortable lobby lounge ideal for coffee, —————— connecting or disconnecting; plus access to a spa- Meticulously maintained and operated since styled fitness center featuring health and wellness this iconic property was first commissioned as activities for group or self-paced programs. a global corporate headquarters by a leading —————— energy company. 5555 San Felipe is owner-operated and —————— maintained with an eco-friendly and sustainable With a focus on helping modern organizations approach. Our award-winning project is LEED Gold inspire talent, every aspect of the renovation certified and participates in various campaigns delivers a more perfect balance between hospitality for recycling, conservation and green-building and workspace — from the arrival experience, to operations. At every level, our tenants and their three levels of new and enhanced amenities. satisfaction come first. Transformation —————— Everything your team needs to thrive M-M Properties set a vision of rebuilding the tenant experience from the ground up. There are new modern finishes, three full floors of curated amenities and light-filled spaces. There will also be a new, freestanding signature restaurant. 5555 San Felipe is an inspired and FREESTANDING RESTAURANT – ACTIVITY LAWN collaborative office environment — the destination workplace — for today’s valuable employees.
    [Show full text]
  • San Felipe @ Augusta Drive
    ± 2.1 ACRES ON AN IRREPLACEABLE CORNER 5850 SAN FELIPE @ AUGUSTA DRIVE FOR MORE INFORMATION, CONTACT: Simmi Jaggi Elizabeth Clampitt Chis Bergmann Jr. Managing Director Senior Vice President Vice President +1 713 888 4098 +1 713 888 4075 +1 713 425 5868 [email protected] [email protected] [email protected] INVESTMENT HIGHLIGHTS Fountainview Dr SAN FELIPE PLAZA Augusta Dr TANGLEWOOD PLAZA 11,570 VPD 37,930 VPD San Felipe St T.H. Rogers School / Post Oak Little League THE OFFERING — A PREMIER ECONOMIC STABILITY — SOLID DRIVERS REDEVELOPMENT OPPORTUNITY Located within the Houston-Galveston-Brazoria Consolidated Metropolitan Statistical Service Area (CMSA), the Property resides in the fifth largest JLL is pleased to present 5850 San Felipe Street to the market as a metropolitan area in the United States. The city is 9,444 square miles and has redevelopment opportunity. The entire tract totals approximately a population of approximately 6 million people. 2.1 acres with a +/- 119,168 SF Class B office building and parking garage. The available property offers frontage, access and DEMOGRAPHICS 1 MILE 3 MILE 5 MILE incredible visibility along both San Felipe and Augusta Streets. Population 27,816 190,841 529,157 The surrounding area is densely populated with some of the highest incomes in the city, single family homes, Class A apartments, Households 15,240 88,593 226,656 retail and restaurants including Dish Society, Local Foods, Ginza Families 6,056 41,739 119,627 Japanese, Mod Pizza, la Madeleine, Barnabys and many others . There are no restrictions on the property.
    [Show full text]
  • CITY of HOUSTON Archaeological & Historical Commission Planning and Development Department
    CITY OF HOUSTON Archaeological & Historical Commission Planning and Development Department PROTECTED LANDMARK DESIGNATION REPORT LANDMARK NAME: Mr. and Mrs. S.I. Morris House AGENDA ITEM: D.1 OWNER: S.I. Morris Interests, Ltd. HPO FILE NO.: 15PL124 APPLICANT: David K. Morris DATE ACCEPTED: Apr-15-2015 LOCATION: 2 Waverly Court – Museum District HAHC HEARING DATE: May-21-2015 SITE INFORMATION Lot 2, Waverly Court, City of Houston, Harris County, Texas. The site includes a historic two-story, contemporary style single-family residence facing west on Waverly Court at the corner of Bissonnet Street. TYPE OF APPROVAL REQUESTED: Protected Landmark Designation HISTORY AND SIGNIFICANCE SUMMARY The Mr. and Mrs. S.I. Morris House is a contemporary residence at 2 Waverly Court in the Museum District south of downtown Houston. The house was designed by prominent Houston architect Seth Irwin “S.I.” Morris, Jr. (1914-2006) and completed in 1952 as his family’s home. Morris’ firms – Wilson, Morris & Crain, AIA; Wilson, Morris, Crain & Anderson, AIA; S.I. Morris Associates; Morris*Aubry Architects and Morris Architects – left a timeless imprint on Houston through their crucial roles in creating such treasured landmarks as the Astrodome (1965), Pennzoil Place (1976), Transco (now Williams) Tower (1983) and Gus S. Wortham Theater Center (1987), among many others. In Building A Houston Practice: The Career of S.I. Morris, Barry Moore notes that Morris insisted the only building he had ever personally designed was the house built at the corner of Waverly Court and Bissonnet in the 1950s. That house remains in the Morris family and is home to the architect’s widow, Mrs.
    [Show full text]
  • 35 Years of One Shell Plaza
    iiiiiilliiiiiiiiiiiiiiiiiiiiini IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII =IIB ••••••••••••••••••iiiiiiiiiini i ........ aasS§| iiiiiiimiiiiiiiiiiiiiiiiiiiui IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIBIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII /flffllfllfff IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII fllllllflllll firfiffiifin IIIIIIIIIIIIIIIIIIIIIIIIIIIIIRII /ifffiffifiii llllllllllllllllllllllllllllllll fiifiiifiini "?ffiiiifiii 1111111111111111111111111111111 »lfffifilllii nmmun «lllllllllllllllllllllllllllllll i«»ni llllllllllllllllllllllllllllllll s llllllllllmmmllllllllmll IHIIIIIIIIIIIIIIIIIIIIIIIIIIIIl IIIIIIIIHIIIIIIIIIHimillllll ^IIIIEPIIIll till Ellililllllll llllllllllllllllllllllllllllllll Ss lllllllllllllllllllllllltlllllll railllllllllBl^llllJIIll I '0^4 CITE 67 : SUMMER 2006 25 35 Years of One Shell Plaza Once the world's tallest concrete building, One Shell Plaza still has lessons to teach INTERVIEW W I T H J O S E P H C O L A C O BY W I L L I A M F. S T E R N A N D C H R I S T O F S P I E L E R When it wus finished m Il>7l, One Shell tin this project, research that has served beams welded together at very, very close the post modern movement came about. Plaza was the world's tallest concrete the industry well over many, many years. S[\K nig. I he World 11.ufe i enter had Before that we had basically a Miesi.m- building. The 7IS-foot, 50-story build- And then when I moved ro Houston in columns that were three-feet-four-inches type design, which some call International ing, which fills the block bounded by I4f>^, the building was just about fin- on center on the outside and a very deep Style, buildings were fairly regular. They Louisiana. Smith. Walker, and McKinney. ished. For the last 3.5 years, I have been spandrel beam. F.ssenrially, you could were rectangular, ihey prcttv much went was also Gerald D.
    [Show full text]
  • Houston Office Marketview
    MARKETVIEW Houston Office, Q4 2018 Houston’s absorption positive for the first time in 2018 Vacancy Rate Avg. Asking Rate Net Absorption Under Construction 18.6% $29.00 PSF 590,320 SF 2.23 MSF *Arrows indicate trend from previous quarter. Figure 1: Houston Office Market Trends MSF 60 25% 50 20% 40 15% 30 10% 20 10 5% 0 0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Direct SF Sublease SF Vacancy (%) Availability (%) Source: CBRE Research, Q4 2018. HOUSTON MARKET FINISHES 2018 STRONG EXPIRING SUBLEASE MEANS HIGHER VACANCY In a reversal of course, Houston saw positive net absorption overall in the fourth quarter for the first After peaking at 23.0% in Q2 2018, total availability time this year. Specifically, the consulting, dropped to 22.4% in the fourth quarter. While technology and energy industries all boasted positive availability declined, vacancy continued to climb and absorption. On the downside, the Energy Corridor peaked at 18.6%, partly a result of more than 1 struggled with 197,000 sq. ft. of negative absorption, million sq. ft. of sublease space expiring and largely due to Amec Foster Wheeler vacating all of becoming vacant rather than being absorbed. Energy Center I. The move followed a merger with Persistent sublease space rolling vacant will likely the Wood Group. put downward pressure on asking rents in the The fourth quarter saw wild movement in oil prices, coming quarters despite the early signs of recover. with West Texas Intermediate Crude (WTI) first peaking at $76.90/bbl on October 3rd and closing the FLIGHT TO QUALITY CONTINUES quarter at $45.41/bbl.
    [Show full text]
  • 2007 Labeled Buildings List Final Feb6 Bystate
    ENERGY STAR® Qualified Buildings and Manufacturing Plants As of December 31, 2007 Building/Plant Name City State Building/Plant Type Alabama Calhoun County Administration Building Anniston AL Courthouse Calhoun County Court House Anniston AL Courthouse 10044 Birmingham AL Office Alabama Operations Center Birmingham AL Office BellSouth City Center Birmingham AL Office Birmingham Homewood TownePlace Suites by Marriott Birmingham AL Hotel/Motel Roberta Plant Calera AL Cement Plant Honda Manufacturing of Alabama, LLC Lincoln AL Auto Assembly Plant Alaska Elmendorf AFB, 3MDG, DoD/VA Joint Venture Hospital Elmendorf Air Force Base AK Hospital Arizona 311QW - Phoenix Chandler Courtyard Chandler AZ Hotel/Motel Bashas' Chandler AZ Supermarket/Grocery Bashas' Food City Chandler AZ Supermarket/Grocery Phoenix Cement Clarkdale AZ Cement Plant Flagstaff Embassy Suites Flagstaff AZ Hotel/Motel Fort Defiance Indian Hospital Fort Defiance AZ Hospital 311K5 - Phoenix Mesa Courtyard Mesa AZ Hotel/Motel 100 North 15th Avenue Building Phoenix AZ Office 1110 West Washington Building Phoenix AZ Office 24th at Camelback Phoenix AZ Office 311JF - Phoenix Camelback Courtyard Phoenix AZ Hotel/Motel 311K3 - Courtyard Phoenix Airport Phoenix AZ Hotel/Motel 311K4 - Phoenix North Courtyard Phoenix AZ Hotel/Motel 3131 East Camelback Phoenix AZ Office 57442 - Phoenix Airport Residence Inn Phoenix AZ Hotel/Motel Arboleda Phoenix AZ Office Bashas' Food City Phoenix AZ Supermarket/Grocery Biltmore Commerce Center Phoenix AZ Office Biltmore Financial Center I Phoenix AZ
    [Show full text]
  • HOUSTON, TEXAS Office Sublease Options
    HOUSTON, TEXAS Office Sublease Options Prepared for: Prepared by: BOBBIE BOZARTH, Senior Vice President 1900 West Loop South, Suite 1300 Houston, TX 77027 713.272.1221 [email protected] MAP OF PROPERTIES 2/9/2015 This copyrighted report contains research licensed to Transwestern - 523890. Page 1 PROFILES AND FLOOR PLANS 1 1616 S Voss Rd Location: San Felipe/Voss Cluster Building Type: Class B Office San Felipe/Voss Submarket Harris County Status: Built Oct 1980, Renov 1991 Houston, TX 77057 Stories: 10 RBA: 179,061 SF Typical Floor: 17,876 SF Developer: Russo Properties, Inc. Total Avail: 23,072 SF % Leased: 97.6% Management: Unilev Management Corp Recorded Owner: Sanvoss Properties, LP Expenses: 2014 Combined Tax/Ops @ $10.88/sf; 2010 Est Ops @ $7.42/sf Parcel Number: 0410280040368 Parking: Ratio of 3.50/1,000 SF Amenities: Atrium, Controlled Access, Energy Star Labeled, On Site Management, Security System Floor SF Avail Floor Contig Bldg Contig Rent/SF/Yr + Svs Occupancy Term Type P 1st 5,144 5,144 5,144 $25.00/fs 05/2015 Thru Jun 2017 Sublet P 3rd / Suite 305 4,404 4,404 4,404 $19.00/nnn 30 Days Negotiable Direct P 4th / Suite 450 4,643 9,226 9,226 $19.00/nnn 06/2015 Negotiable Direct P 4th / Suite 475 4,583 9,226 9,226 $19.00/nnn Negotiable Negotiable Direct P 5th / Suite 510 1,489 1,489 1,489 $19.00/nnn Vacant Negotiable Direct P 8th / Suite 810 1,546 1,546 1,546 $19.00/nnn Vacant Negotiable Direct P 8th / Suite 890 1,263 1,263 1,263 $19.00/nnn Vacant Negotiable Direct 2/9/2015 This copyrighted report contains research licensed to Transwestern - 523890.
    [Show full text]
  • 3Q 2018 Houston Office Market Report
    MAR KET AT A GLANCE HOUSTON OFFICE MARKET REPORT THIRD QUARTER 2018 PROPERTY SERVICES | DEVELOPMENT | INVESTMENT MAR KET AT A GLANCE Q3 | 2018 HOUSTON OFFICE MARKET ECONOMIC OVERVIEW Houston’s economy has accelerated over the past year as the energy industry continues to recover following a two-year oil bust that hit bottom in 2016 and the construction industry shows no sign of slowing in post-Hurricane Harvey rebuilding. Houston employers have expanded their payrolls by 110,200 jobs over the past 12 months ending in August 2018, representing a 3.7% increase for the period. The largest annual employment gains have occurred in professional & business services (35,000 jobs), construction (28,900 jobs) and trade, transportation & utilities (17,300 jobs). Meanwhile, the metro area’s unemployment rate has fallen 80 basis points to 4.2% over the prior 12 months to reach its lowest seasonally adjusted unemployment rate since February 2008. The energy sector maintained its strong momentum during the third quarter as sustained global economic growth, OPEC supply cuts, the restoration of Iran sanctions TABLE OF CONTENTS are just some of the factors that have contributed to the turnaround. West Texas Economic Overview ................................................2 Intermediate (WTI) crude oil price has enjoyed its strongest rally in eight years, starting the year in the low $60 range and rising to $75 per barrel to reach its highest level Office Market Assessment .....................................3 since November 2014. The combination of rising prices and record production has translated into solid profits for Houston’s energy companies, which, in turn, is boosting Net Absorption & Occupancy .................................4 manufacturing, professional services and other sectors connected to oil and gas.
    [Show full text]
  • 2411 FOUNTAIN VIEW ±2.43 ACRES INFILL HOUSTON | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P
    2411 FOUNTAIN VIEW ±2.43 ACRES INFILL HOUSTON | EXECUTIVE SUMMARY Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp., a Texas licensed real estate broker (“HFF”). CBD TEXAS MEDICAL CENTER GREENWAY WILLIAMS PLAZA RIVER OAKS TOWER AFTON OAKS GALLERIA MARATHON OIL CAPITAL ONE PLAZA BERING DRIVE 2411 FOUNTAIN VIEW AUGUSTA STREET WESTHEIMER ROAD 2626 FOUNTAIN VIEW DRIVE MARQUIS AT FOUNTAIN TANGLEWOOD VIEW BURGOYNE ROAD POTOMAC DRIVE INVESTMENT SUMMARY HFF is pleased to offer qualif ied investors an extraordinary opportunity to acquire ±2.43 acres Address: 2411 Fountain View, Houston, Texas located at 2411 Fountain View (“the Property”) in Houston, Texas. The Property is an exceptional site due to its location just west of the Galleria and south of Tanglewood. Future development will Size: ±2.43 Acres benef it from its immediate access to the highly amenitized Galleria/Uptown submarket along with Current Use: Office Building (Vacant) quick commutes to Houston’s other major employment centers. This offering represents a tremendous Multifamily, condominium, hotel, office, medical, or Proposed Use: opportunity to acquire a highly visible site that is ideal for multifamily, condominium, off ice, or senior living development senior living development. The Woodlands Grand Pkwy Lake The Opportunity Houston State Park ExxonMobil 69 The site is approximately ±2.43 acres and is located in a core infill location off of Westheimer and Fountain View.Corporate It is part Headquarters of the Galleria/Uptown District submarket (83,000+ jobs) and only 1.4 miles west from the heart of the district. Galleria/Uptown is the city’s preeminent, upscale shopping district, its biggest hotel district, one of the largest districts in the nation, and a world-renowned touristEastex Frwydestination.
    [Show full text]