Private Investor Acquires 21-Story Office Tower At 801 Travis Street Houston For $20M

A private investor purchased an office property located at 801 Travis Street in Houston’s CBD. The 21-story office tower encompasses a total square footage of 222,192. The property was last appraised at nearly $20 million, which is below its $24 million loan balance and significantly less than the $46.3 million it sold for in 2015. Currently, the asset is 45% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20 million
• Address: 801 Travis Street
• Market: Houston
• Square Footage: 222,192
• Brokers: Rick Goings, Martin Hogan, Tom Hall, Gianna New & Dawson Hastings - JLL
• Seller's Representative: Court-appointed receiver
• Buyer's Representative: Morris Chen
• Leasing Status: 45% leased

The transaction involved multiple brokers from JLL, with Rick Goings, Martin Hogan, Tom Hall, Gianna New, and Dawson Hastings representing the deal. The seller was represented by a court-appointed receiver, whereas the buyer had representation from Morris Chen.