Cross Ocean, Fuller Pick Up Massive Houston Office Campus

Cross Ocean Partners and Fuller Realty have acquired Eldridge Place, a three-building, 828,784-square-foot office campus in Houston’s Energy Corridor. Commercial Search reports the last time the asset traded hands, in 2019, Granite Properties paid $78.4 million to the seller, TIER REIT.

Eldridge Place consists of the 245,315-square-foot One Eldridge Place, the 275,283-square-foot Two Eldridge Place, and the 308,186-square-foot Three Eldridge Place. One and Two were developed in 1986, while Three came online in 2008.

Located at 737, 757 and 777 N. Eldridge Parkway, the buildings were 94 percent leased all together at the time of sale. The property’s anchor tenant is Fluor Corp., which occupies about 413,000 square feet, including the entirety of Three Eldridge Place.

The buildings have seen more than $20 million of capital improvements since 2019, including renovated lobbies and common areas, elevator modernization and upgraded building systems. Enhanced common-area amenities include a resort-style fitness center, pickleball courts, a full-service deli and a conference facility.