Buchanan Street Partners sells Houston area office complex
Transactions - MARCH 8, 2024

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Buchanan Street Partners sells Houston area office complex

by Denise Moose

Buchanan Street Partners announced that it has sold The Offices at Kensington, a two-building, class A office complex totaling 171,055 square feet in Sugar Land, Texas.

JLL represented the seller in the sale of the property to DML Capital. In addition, JLL worked on behalf of DML to secure the fixed-rate acquisition loan.

The Offices at Kensington is located at 1600 and 1650 Highway 6, at the intersection of Highway 6 and Interstate 69, Sugar Land’s “main and main” intersection. The property is highly visible to the 157,000 vehicles per day that pass through this intersection and is close to many of Houston’s major thoroughfares, providing a convenient commute to the residential communities in the western and southern suburbs of Houston. In addition, The Offices at Kensington are close to a variety of retail, restaurant and entertainment offerings in the Sugar Land area.

The four-story buildings are 84.1 percent leased to a diverse rent roll of tenants i

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