San Antonio based Cotter & Sons sold office buildign in Houston’s Energy Corridor. Hartman Income REIT has acquires the office property for $5.1 million, according to an article in CP Executive.
The property is part of the Katy Freeway West submarket. The 78,000 square foot office property is located at 11211 Katy Freeway on a 2.6 acre site. The asset was completed in 1976. Its amenities include controlled acces and a total of 167 parking spaces. Otherwise, the property features 2,000 square feet of retail space and is 68 percent leased to tenants.
David Wheeler, Hartman’s chief investment officer, said: “The acquisition of 11211 Katy Freeway is a great addition to our office portfolio in Houston. The Katy Freeway West submarket has been the economic engine of West Houston for several years. This area has solid economic fundamentals and remains attractive to many businesses.”
Source: CP Executive
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