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BH Properties Acquires Vacant Class A Office Building in Houston, TX
Los Angeles-based commercial real estate investment firm BH Properties has acquired Mason Creek II, a vacant three-story office building in the Houston submarket of Katy, TX.
The 127,955-square-foot building located at 21700 Merchants Way was the second phase of a two-building office development by the seller. It was constructed as a single-tenant speculative office building in 2015 by the seller following its success with a 136,000-square-foot building 100% leased to GEICO insurance. A combination of factors, including Houston’s softening office market and the COVID-19 pandemic, impacted interest from prospective tenants in that size range.
Jeff Hollinden with JLL Capital Markets represented the seller on the transaction. BH has engaged Houston-based Bob Cromwell and Kevin Nolan with Moody Rambin to handle leasing.
Mason Creek II adds to BH Properties growing portfolio which includes more than five million square feet of office, industrial and retail space throughout Texas.
- ◦Sale/Acquisition
