DML Capital Acquires 3555 Timmons Lane Office Building In Houston From Novel Office

DML Capital acquired the office building located at 3555 Timmons Lane in Houston. The 15-story asset is 95% leased and was renovated in recent years, featuring modern amenities. A major tenant in the building is the Houston-Galveston Area Council. The transaction was finalized at an undisclosed price.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Buyer: Sajjid Dawood - DML Capital
• Seller: Mali Subbiah - Novel Office
• Mortgage Brokers: Michael Johnson, Michael King, James Lovell & Scot Sarlin - JLL
• Location: 3555 Timmons Lane, Houston
• Market: Houston
• Leasing Status: 95% leased
• Notable Tenant: Houston-Galveston Area Council

The financing for the acquisition was secured by JLL through an insurance company. The transaction involved key individuals such as Sajjid Dawood, who represented the buyer, and Mali Subbiah, who represented the seller. The mortgage brokers, Michael Johnson, Michael King, James Lovell & Scot Sarlin, were instrumental in facilitating the deal.