X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Gateway I & II Office Buildings here have been sold to Laurus Corp., a private, Los Angeles-based real estate investment and development firm, for an undisclosed price from a seller whose identity was also not disclosed to GlobeSt.com. The approximately 270,000-square-foot, class-A property is strategically located on JFK Blvd. here and leads directly to the IAH Airport, also known as George Bush Intercontinental.

The property is composed of one six-story and one eight-story building, along with a five-story parking structure. The mid-rise buildings feature an extensively landscaped courtyard, lobbies with vaulted ceilings and marbled floors and walls, as well as a covered driveway leading to the entrances of both buildings for easy passenger drop-off and pick-up. The acquisition also includes an additional 4 acres suitable for expansion or a new development project. Tenants have quick access to the entire Houston metro area through immediate highway access in all directions including I-45 and Highway 59.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.