Menashe Properties Acquires 367364 SF Property At 5001 Lyndon B Johnson Fwy In Farmers Market

The transaction involves the sale of an office complex known as Heritage One & Two, which encompasses 367,364 square feet. Located at 5001 Lyndon B Johnson Fwy in the Sheridan market, the property spans 12 acres and includes amenities such as a fitness center, conference center, and a café with outdoor seating. At the time of sale, the complex was 75 percent leased.

Summary of transaction details:

• Property Type: Office Complex
• Transaction Amount: Not Disclosed
• Address: 5001 Lyndon B Johnson Fwy, Farmers...
• Market: Sheridan
• Seller's Rep: Chase Tagen, Chris Murphy, Gary Carr, John Alvarado - Newmark
• Buyer: Menashe Properties
• Square Footage: 367,364

Gary Carr, Robert Hill, Chris Murphy, John Alvarado, and Chase Tagen of Newmark represented the undisclosed seller in this transaction, while the buyer, Menashe Properties, is an Oregon-based investment firm.