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Texas   /   February 26, 2019

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By: Amy Wolff Sorter

JV Strikes Deal to Acquire 85K-SF Broadfield Park Ten

Belvoir Real Estate Group LLC and The Mission Companies. joined forces to acquire Broadfield Park Ten, an 85,050-square-foot office property in Houston’s Energy Corridor. JLL represented the seller, a joint venture between Dallas-based Chief Partners and the Houston office of Stream Realty Partners.

While the building at 15810 Park Ten Place was under contract, SLI Group leased 18,000 square feet, which took the building’s occupancy rate from below 65% to more than 85%. SLI Group, a commercial design/build firm, will serve as the property’s anchor.

The transaction is Belvoir’s first investment acquisition. “We are thrilled about our new joint venture with The Mission Companies, which we believe marks the beginning of what will be a fruitful partnership for years to come,” said Belvoir’s Matthew Goldsby.

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