2525 North Loop West 2525 North Loop West is a 136,325-square-foot office building that recently sold.

HOUSTON—The office market has recorded a marked increase in investment activity this year. Even with the continued slowdown in leasing activity and rising vacancy, investors have re-entered the market with the notion that better yields can be realized in Houston relative to other major metros. Year-to-date transaction volume is approximately $1.47 billion, a significant increase from 2016, which recorded just $330 million worth of transactions, according to JLL research.

An example of that increased investment activity is the sale of 2525 North Loop West, a 136,325-square-foot office building. 2525 Inner Loop LP purchased the property from Lykes Building Holding Associates and Smetana Texas Realty Associates. Sean Finn, the new owner, plans to implement a capital improvement program with hopes of attracting medical-office tenants. He also plans to bring retail space to the adjacent pad sites on the property.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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