Dornin Investment Group, a Laguna Beach, CA-based real estate investment and asset management firm, has purchased 15915 Katy Freeway from Downtown Properties. The 105,619-square foot office building was sold for an undisclosed amount free and clear of debt, according to a press release. HFF marketed the property on behalf of Downtown Properties, the U.S. real estate associate of Gaw Capital Partners.
Built in 1982, 15915 Katy Freeway is located in the Park 10 sector of Houston's Energy Corridor. The 6-story building underwent $1 million in property improvements and upgrades in 1998. The Class B office building was 88.7% leased at the time of sale with a diverse mix of tenants in industries such as engineering, technology, real estate, energy and healthcare.
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment