CapRidge Partners has had an active year in the Texas office markets. In February, the company sold a 109,000 square foot office building situated in Houston’s Energy Corridor, while in March, it traded a 262,962-square-foot Class A office asset in Irving.  

Now, CapRidge Partners has sold Briar Forest Crossing, a 94,404-square-foot office building in Houston. LM & Associates LLC acquired the Class A property in a private 1031 exchange. Stellar Bank provided a $7.2 million acquisition loan, according to CommercialEdge data.

The property was 73.1 percent leased at the time of sale, serving as headquarters for U.S. Physical Therapy.

A JLL Capital Markets team led by Marty Hogan represented the seller in the transaction. Doug Pack of Colliers worked on behalf of the buyer and is the leasing broker for the asset.

Constructed in 1980, the Energy Star-certified office building underwent a $4 million renovation in 2001.