Unilev Unloads Three-Building, 544K-SF Office Portfolio

Unilev Capital Corp. sold a three-building office portfolio totaling 544,291 square feet to CapRidge Partners LLC. The new owner is planning a $15 million capital investment to upgrade the buildings, with improvements to the building systems, common area renovations and the inclusion of tenant-centric amenities.

The portfolio consists of 1616 Voss, 7500 San Felipe and 6363 Woodway. Unilev acquired the assets in 2007.

H. Dan Miller, Martin Hogan and Johnny Kight with HFF led the team that represented the seller. HFF’s Jim Curtin and Andy Scott arranged for a four-year, floating rate acquisition/bridge loan through New York Life Insurance Co. on behalf of the buyer. Craig McKenna and Matthew Asvestas with Stream Realty Partners will handle leasing of the portfolio.

Pictured: 1616 Voss Rd.

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