Independencia Asset Management Acquires The River Oaks Bank Building In Houston

The River Oaks Bank Building, a 170,233-square-foot office property located at 2001 Kirby Drive in Houston's River Oaks District, was recently sold in a transaction brokered by JLL. The building features 185 surface parking spaces, along with an attached garage holding 323 spaces. The sale was facilitated by Kevin McConn, Rudy Hubbard, and Rick Goings of JLL, representing the seller in the undisclosed deal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Market: Houston
• Buyer: Independencia Asset Management
• Seller's Rep: Rick Goings (JLL), Rudy Hubbard (JLL)

The acquisition financing for the purchase of The River Oaks Bank Building was arranged by John Ream, Wally Reid, and Cameron Cureton of JLL on behalf of the joint venture between Fuller Realty Partners and Independencia Asset Management. The property, which boasts a strategic location in a prominent district of Houston, changed ownership as part of a significant real estate transaction.