Investor Login8866 & 8876 Gulf Freeway
8866 & 8876 Gulf Freeway
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| Acquisition Date: | February 2009 |
| Location: | Houston, TX |
| Size: | 178,401 square feet of office space |
| Investment Opportunity: | Purchased below replacement value. Increase Base rent (15% below market rate), updates mechanical systems of the building and renovation of the lobbies. |
| Results: | Renovations done; renew most of the largest current tenants, secure a long term GSA lease with TSA for 12% of the complex; currently at 83% occupancy, expected occupancy Q212 88%. |