JLL closes sale of 3-building Houston office portfolio

HOUSTON, Nov. 7, 2024 - JLL Capital Markets announced today that it has completed the sale of Remington Square, a three-building, Class A office complex totaling 392,357 square feet in Houston, Texas.

JLL represented the seller, BGO, and procured the buyer, Houston-based Interra Capital Group.

Remington Square is located directly along Beltway 8 at 10603, 10613 and 10713 W. Sam Houston Pkwy in northwest Houston. Equidistant between U.S. Highway 249 and 290, the portfolio has easy access throughout the Greater Houston metropolitan area, including The Woodlands, downtown Houston, the George Bush Intercontinental Airport and Houston's Energy Corridor. Additionally, Remington Square has a robust amenity base of more than 16.2 million square feet of retail options as well as executive and employee housing options nearby.

Completed in 2008 and 2015, Remington Square embodies the "flight-to-quality" trend boasting Class A construction and amenities. On-site offerings include a restaurant with catering, a fitness center with locker rooms, tenant lounge and conference facility. Overall, Remington Square is leased to a diverse tenant roster anchored by investment grade companies. The 16.78-acre site also allows for the future development of a fourth building.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Kevin McConn and Marty Hogan and Senior Director Rick Goings.

"The sale of Remington Square represents the flight-to-quality trend we are seeing in Houston as well as across the U.S. office market," said McConn. "Class A office continues to recover, and we are seeing strong demand across a variety of investors for product like Remington Square."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients - whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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