LFFP Ashford Portfolio has acquired a three-property office portfolio totalling 570,045 square feet in Houston’s Energy Corridor.
JLL represented the seller, a court-appointed receiver, and procured the buyer.
The portfolio consists of Ashford 5 at 14701 St. Mary’s Ln., Ashford 6 at 1155 Dairy Ashford Rd. and Ashford 7 at 900 Threadneedle St. The three buildings sit on 12.23 acres immediately adjacent to Interstate 10 and near Beltway 8, providing access to the entire Houston metropolitan area within approximately 25 minutes. In addition to its transportation access, the immediate area is highly amenitized, offering a variety of retail, dining and entertainment options, including Westchase District, CityCentre and Memorial City.
Renovated between 2014 and 2016, the portfolio offers tenants a fitness center, tenant lounges and separate parking garages serving each building. The eight-story properties are 58 percent occupied overall, with a current weighted av
