Partnership picks up boutique office asset in Galleria submarket
JLL Capital Markets led sales efforts for the six-story 1717 St. James Place building in Houston’s most dynamic submarket
HOUSTON, May 19, 2022 – JLL Capital Markets announced today that it has closed the sale of 1717 St. James Place, a boutique office building totaling 110,452 square feet in Houston, Texas.
JLL represented the seller, Accesso Partners, LLC, and procured the buyer, Silver Creek Realty Advisors.
1717 St. James Place is positioned on 2.34 acres within St. James Place, a deed-restricted business park on the south side of San Felipe in Houston’s Galleria submarket. The property is adjacent to the affluent Tanglewood neighborhood and in close proximity to numerous tenant amenities.
The six-story asset offers a park-like atmosphere with on-site security and management as well as a conference room, access to a newly renovated cafeteria in the adjacent property and on-site structured parking for more than 120 vehicles. 1717 St. James Place is currently 70.5% leased to a diversified tenant roster spanning the real estate, financial services, legal, technology, energy and medical industries.
The JLL Capital Markets team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.
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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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Silver Creek Realty Advisors
Silver Creek Realty Advisors serves as the operating partner for investors and owners of commercial office buildings. For more: silvercreekrealtyadvisors.com.