JLL Capital Markets completes sale on behalf of a private CA-based investor
JLL Capital Markets announced today that it has closed the sale of 363 North Belt, a 386,277-square-foot, 20-story office building in North Houston, Texas.
JLL represented the seller, Manny Khoshbin, a private California-based investor, and procured the buyer, Realty.com, led by CEO Lance Custen.
363 North Belt is strategically positioned on a 3.79-acre site just east of the Interstate 45 and North Sam Houston Parkway interchange in North Houston. This places the property within minutes of George Bush Intercontinental Airport and within a short drive of the master-planned communities of The Woodlands, Kingwood and Atascocita. Additionally, 363 North Belt is approximately 15-20 minutes north of Downtown Houston and the Galleria/Uptown District. Renovated in 2012, the LEED® Gold office building features a seven-level, 1,182-space connected parking structure as well as a fitness center, conference facility, restaurant/deli and 24-hour security.
The JLL Capital Markets team representing the seller was led by Senior Directors Martin Hogan and Kevin McConn.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. For further information, visit jll.com.
