JLL Capital Markets led the sales efforts for Energy Crossing II, a newer vintage property in West Houston’s central business district
News release
22 November 2024
Class A office building in Houston’s Energy Corridor trades hands
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HOUSTON, Nov. 21, 2024 – JLL Capital Markets announced today that it has completed the sale of Energy Crossing II, a 327,404-square-foot office building in Houston’s Energy Corridor.
JLL represented the seller in the sale of the property to Capital Commercial Investments, Inc.
Completed in 2014, Energy Crossing II is an eight-story property offering some of the highest quality available office space in the Energy Corridor. The property offers flexible floorplates averaging 42,648 square feet that can accommodate a variety of single or multi-user configurations and features amenities, including a fitness center and on-site parking garage. Overall, the building is approximately 30% leased and is positioned to capitalize on the “flight-to-quality” trend occurring across the office market.
Energy Crossing II is situated on a 5.47-acre site at 15011 Katy Freeway in the heart of Houston’s Energy Corridor. The property has visibility and immediate access to Interstate 10, providing connections to Beltway 8 and Westpark Tollway as well as downtown Houston, the Galleria and the George Bush Intercontinental Airport. Additionally, Energy Crossing II is close to some of Houston’s most prestigious residential areas, including The Villages, Briar Forest and River Oaks. West Houston has been recognized as the number one leasing submarket in the nation, fueled by the diverse economy consisting of energy, life sciences, manufacturing, logistics and aerospace companies.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Kevin McConn and Senior Director Rick Goings.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Capital Commercial Investments, Inc.
Capital Commercial Investments, Inc. (“CCI”) is a leading real estate private equity firm headquartered in Austin, Texas. Founded in 1992 and led by Doug Agarwal, CCI has over 32 years of experience in identifying and acquiring undervalued commercial investment properties across the United States.
In 2024, CCI has strategically focused on the recovery of the suburban office markets in Dallas and Houston, acquiring six premier properties across these key Texas cities. The firm currently holds the distinction of being one of the largest private owners of commercial office properties in Texas, with a portfolio totaling 12.1 million square feet. This portfolio is projected to grow to 13.1 million square feet by the end of Q1 2025.
By leveraging its deep market expertise and disciplined investment approach, CCI continues to deliver exceptional value for its investors while contributing to the revitalization of commercial real estate markets nationwide. For more information, please visit: capitalcommercial.com.