HOUSTON-Two office buildings totaling 92,499square feet have been sold to Equitas Commercial RealEstate Holdings. Morrison Karsten Groupdisposed of the asset, which is situated on 2.5 acres in theGalleria/West Loop submarket.

The buildings are at 4295-4299 San Felipe and, according to theHarris Central Appraisal District, wereconstructed in the 1980s. The combined assessed value of thebuildings is approximately $4.75 million. HCAD indicates thatMorrison Karsten owned the property since 2000.

Jones Lang LaSalle managing directorRudy Hubbard and vice president KevinMcConn led the team representing the seller. “Thisproperty was attractive because it represents a prime opportunityfor residential, multifamily, hotel, or office development, with nozoning restrictions,” Hubbard notes in a press release. “Inaddition, it offers exceptional visibility and is superbly locatedat the entrance to the city's most prestigious neighborhood, RiverOaks.”