Atlanta Investor Acquires The Preserve At North Loop Office Campus From Silver Star Properties REIT

The Preserve at North Loop is located at 2000-2060 North Loop West in Houston, TX. The property is a 219,000-square-foot, seven-building office campus with a Class B designation. At the time of the sale, it was 65% occupied.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Square Footage: 219,000
• Address: 2000-2060 North Loop West
• Market: Houston, TX
• Seller: Gerald Haddock - Silver Star Properties REIT, Inc.
• Broker Representatives: Keith Lloyd & Brad Mills - Marcus & Millichap

An Atlanta-based investor acquired the property from Silver Star CRE, a subsidiary of Silver Star Properties REIT. The buyer intends to renovate and modernize the campus while maintaining operations throughout the renovations.