JLL Capital Markets announced today that it has closed the sale of One Park 10 Plaza, an eight-story office tower totaling 162,919 square feet in Houston’s Energy Corridor.
JLL represented the seller, Accesso Partners, LLC, and procured the buyer, Interra Capital Group.
Located at 16225 Park Ten Place, the property is within Houston’s Park Ten office park, a 550-acre, master-planned, mixed-use development comprising a major portion of the Energy Corridor. One Park 10 Plaza is highly visible from Interstate Highway 10 and is just west of Highway 6 providing connectivity throughout the Greater Houston area. The surrounding area is home to numerous headquarters locations for many multi-national companies as well as the affluent neighborhoods of The Villages and Westchase.
One Park 10 Plaza has been continuously updated with more than $1.1 million in capital improvements over the last decade and is currently 76.2% leased to a diverse tenant roster. The property sits on a 3.27-acre site and includes a four-story, 560-space parking garage.
The JLL Capital Markets team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.