Terence Kim And Johnny Kight Acquire 828,784 Square Foot Office Campus In Houston For $20 Million

The transaction involves the acquisition of Eldridge Place, an office campus located at 737, 757 & 777 North Eldridge Parkway in Houston, TX. The campus encompasses a total of 828,784 square feet and is classified as Class A office space. It is currently 94% leased, with Fluor Corporation serving as the anchor tenant. The property has undergone substantial enhancements, totaling over $20 million in capital improvements since 2019, which include upgrades to common areas, building systems, and tenant amenities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 737, 757 & 777 North Eldridge Parkway
• Market: Houston, TX
• Square Footage: 828,784 SF
• Buyer: Terence Kim - Cross Ocean Partners
• Buyer: Johnny Kight - Fuller Realty

Terence Kim of Cross Ocean Partners and Johnny Kight of Fuller Realty represent the buyers in this transaction. The acquisition reflects both firms' strategic interests in expanding their footprint within Houston’s Energy Corridor, an area known for its concentration of energy sector companies and robust office demand.