LM & Associates, a 1031 investor, announced that it has completed the acquisition of Briar Forest Crossing, a 94,404-square-foot office building in Houston.
JLL represented the seller, CapRidge Partners, in the off-market transaction. Colliers represented the buyer and will also be handling the leasing.
Briar Forest Crossing is located at 1300 W. Sam Houston Parkway, at the northwest corner of Sam Houston Tollway and Briar Forest in the Westchase submarket. The office building is near Houston’s Energy Corridor as well as the Galleria and Greenway Plaza business districts. Additionally, the property is west of The Villages, one of Houston’s most affluent residential neighborhoods.
The four-story building is currently 73.1 percent leased and serves as the headquarters for U.S. Physical Therapy. Building amenities include a common area conference center and parking in an attached structured garage.
