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|Building Area Net||
|Land Area Net||
|Number of units||270|
|Call for Offers|
Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the unique opportunity to purchase a leasehold interest in Avenue Grove (The “Property” or The “Asset”), a 270-unit concrete apartment complex at the doorstep of Levy Park, Houston’s most vibrant urban greenspace. This trophy Asset is the sole residential community within the award-wining Kirby Grove mixed-use development, contributing to the symbiotic, live-work-play atmosphere onsite. Ideally located just off Richmond Avenue just west of Kirby Drive, the Property is walkable to Houston’s most prestigious neighborhoods, popular employment centers and top-tier retail and entertainment concepts. Avenue Grove’s exceptional quality, friendly ground lease terms and prime location presents a one-of-a-kind opportunity to invest in one of the highest performing markets in the country. Exceptional rent growth momentum throughout Houston, coupled with an influx of residents and world-renowned employers has created an opportunity for investors to capitalize on the tremendous rent growth occurring in Urban Houston and at Avenue Grove.
- Exceptional, Trophy Asset
- Intentionally-Constructed, High-Quality Product
- Access to Houston's Premier Urban Experiential Real Estate Concept
- Located in the Heart of Houston's Most Affluent & Educated Demographics
- Potential to Significantly Increase Market Rents
- Center of Gravity for Houston Office Demand
- Central to Houston’s Top Employment Centers
- Highly Sought-After Walkability in Urban Houston
- Favorable Ground Lease Terms
- Discount to Replacement Cost