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HOUSTON-Despite a difficult marketing period and a somewhat volatile escrow, Bixby Bridge Capital succeeded in disposing of the 268,760-square-foot Gateway I & II. The buyer out of southern California acquired the office complex in a seller-financed transaction for its value-add potential.

This didn’t mean, however, that marketing and selling the complex at 15333 John F. Kennedy Blvd. was a slam-dunk. David Tuttle with CASE Commercial Real Estate Partners, who represented the seller with colleague Patrick Giles, acknowledges that the submarket in which the 1980s building is located – known as Greenspoint or even North Belt – has some negative perceptions attached to it.

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