Andrew Armour Of Winthrop Realty Group Acquires Three Houston Office Properties Totaling 405000 SF
3100 South Gessner Road, 1800 Saint James Place & 7135 West Tidwell Road
Building Size
1,215,000 SF
Asset Type
Office
Closing
Oct 17, 2025
AI
Winthrop Realty Group has acquired three properties located in Houston, consisting of two Class-B office buildings at 3100 South Gessner Road and 1800 Saint James Place, as well as the Corporate Park Northwest flex complex covering 175,000 square feet. The total square footage of the acquired assets is 405,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 3100 South Gessner Road, 1800 Saint James Place & 7135 West Tidwell Road
- Market: Houston
- Buyer: Andrew Armour - Winthrop Realty Group
Winthrop Realty Group is planning to enhance the portfolio through upgrades to common areas, modernization of systems, and the addition of turnkey spec suites across the acquired properties. The acquisition took place over the past 90 days.
Players
Houston Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93