CapRidge Partners LLC Acquires 544297 SF Property At 7500 San Felipe St In Houston

The transaction involves the sale of a three-property office portfolio located at 7500 San Felipe St, Houston, TX 77063, within the Houston market. The portfolio encompasses a total square footage of 544,297. The properties included in this transaction are 1616 Voss, 7500 San Felipe, and 6363 Woodway, and they will undergo renovations and repositioning as part of a $15 million capital improvement program.

Summary of transaction details:

• Property Type: Office Portfolio
• Transaction Amount: Not Disclosed
• Address: 7500 San Felipe St, Houston, TX 77063
• Market: Houston
• Square Footage: 544,297
• Seller's Representative: Martin (Marty) Hogan - JLL, Danny (Dan) Miller
• Buyer: CapRidge Partners LLC
• Seller: Partnership led by Unilev Capital Corp.

HFF played a significant role in this transaction by negotiating the sale and procuring the buyer, CapRidge Partners LLC. Dan Miller, Marty Hogan, and Johnny Kight of HFF were involved in representing the seller, while Jim Curtin and Andy Scott of HFF arranged floating-rate acquisition financing for the deal through New York Life Insurance Co.