Colliers is pleased to announce the sale of Beltway 8 Corporate Centre I at 5300 West Sam Houston Parkway North, a Class A multi-tenant office building in Houston, Texas. The buyer was represented by Nick Ramsey and David Meyers of NewQuest. The seller was represented by David Carter, Principal & Director of Colliers.
Beltway 8 Corporate Centre I is a two-story Class A office building with ±100,719 square feet. It is situated on ±10.02 acres and was constructed in 2002. The multi-tenant asset benefits from high visibility and has direct access to Sam Houston Parkway. Building amenities include signage opportunities, electric vehicle charging stations and a parking ratio of 6.27 to 1,000 square feet. It boasts excellent access to all major thoroughfares via Sam Houston Parkway.
The property is located in Houston’s West Belt office submarket. The submarket contains 6.7 million square feet of office space which is currently 76% occupied. There is 30,600 square feet of office space currently under construction in the submarket.
About Colliers International Group Inc.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $65 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.
