CapRidge buys 3-property office portfolio in Houston from Unilev Capital partnership

CapRidge Partners, a fully integrated investment management and operating company focused on value-add office properties in nine select U.S. markets, has purchased a three-property office portfolio in Houston for an undisclosed price.

The portfolio totals 544,291 square feet and is in an urban infill location adjacent to some of Houston’s residential neighborhoods, including Tanglewood and Memorial Villages.

The portfolio comprises 1616 Voss, 7500 San Felipe and 6363 Woodway, which are positioned west of Houston’s Galleria area. The three assets are walkable to retail amenities, including Whole Foods, Kroger, Trader Joe’s and numerous dining options. Additionally, the portfolio is proximate to Houston Country Club, one of Houston’s oldest country clubs.

The portfolio will go through an extensive renovation and repositioning with roughly $15 million allocated across the three buildings. These improvements will include significant upgrades to building syst