Hartman Income REIT buys value-add Houston office portfolio

Hartman Income REIT has purchased a three-property office portfolio totaling 254,225 square feet in Houston. A price was not disclosed.

The seller was HighBrook Investors, a New York–based real estate private equity firm that was founded in 2010.

The portfolio comprises 16420 Park Ten and 1400 Broadfield, which are located in the Park 10 Business Park in Houston’s Energy Corridor, as well as 7915 FM 1960, which is located adjacent to the Willowbrook Mall in northwest Harris County. All three properties are situated in busy commercial corridors and have exceptional freeway access being located along Interstate 10/Katy Freeway and Texas State Highway 249. Overall, the portfolio is 55 percent leased.

Hartman Income REIT has owned and operated commercial office properties since 1983 in Dallas, Houston and San Antonio.