Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Interra Capital Buys 11-Story Houston Office Building
Interra Group was the buyer of Memorial Pointe, a 226,000-square-foot office property located at 11767 Katy Freeway. Gemini Rosemont was the seller. CommercialEdge reports Gemini Rosemont had owned the asset since 2007 when it acquired it for $26.3 million. In 2017, the property became subject to a $17 million loan from BOKF. The sales price of the most recent sale was not disclosed.
Completed in 1982, the property underwent a cosmetic renovation in 2001. At the time of the sale, the property was 25 percent leased, with the roster including various insurance, law and financial firms.
Located within the Energy Corridor, the building is just off Interstate 10 and roughly 15 miles west of downtown Houston. Along the corridor, there are some 3 million square feet of retail, dining and entertainment options. A JLL team led by Rick Goings represented the seller.
- ◦Sale/Acquisition
