{"id":1004023989,"date":"2010-10-25T09:33:31","date_gmt":"2010-10-25T17:33:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004023989"},"modified":"2022-12-08T11:33:37","modified_gmt":"2022-12-08T19:33:37","slug":"pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\/","title":{"rendered":"PCCP Teams with Fuller to Buy Distressed 503,900-SF Houston Office Portfolio"},"content":{"rendered":"<p>October 25, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004023990\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\/houston-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg\" data-orig-size=\"1012,792\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Houston 1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg?w=1012\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg\" alt=\"\" title=\"Houston 1\" width=\"300\" height=\"234\" class=\"alignright size-medium wp-image-1004023990\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg 1012w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg?resize=300,235 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg?resize=768,601 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>In an impressively sized deal, PCCP L.L.C. has formed a joint venture with Fuller Realty Partners L.L.C. to purchase a distressed 503,930-square-foot office portfolio in Houston\u2019s Galleria submarket. <\/p>\n<p>According to PCCP senior vice president Jed Lassere, the transaction was a lender-facilitated short sale. The properties include the 281,590-square-foot 2425 West Loop and the 222,340-square-foot 1001 West Loop. They were built in 1980 and 1978, respectively, and are located a mile apart along Loop 610.<\/p>\n<p>Fuller was the owner of 2425 West Loop from 1997 to 2007 and owned 1001 West Loop from 2003 to 2007. The former is 58.5 percent occupied, while the latter is 43.4 percent occupied. The submarket\u2019s average occupancy rate is 87.5 percent.<\/p>\n<p>PCCP says it is targeting the Houston submarket due to a growing population and lower-than-average unemployment rate, as well as its youthful demographics. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The properties include the 281,590-square-foot 2425 West Loop and the 222,340-square-foot 1001 West Loop. <\/p>\n","protected":false},"author":936,"featured_media":1004023990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21747],"tags":[],"class_list":["post-1004023989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PCCP Teams with Fuller to Buy Distressed 503,900-SF Houston Office Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PCCP Teams with Fuller to Buy Distressed 503,900-SF Houston Office Portfolio\" \/>\n<meta property=\"og:description\" content=\"The properties include the 281,590-square-foot 2425 West Loop and the 222,340-square-foot 1001 West Loop.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-10-25T17:33:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:33:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/10\/Houston-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1012\" \/>\n\t<meta property=\"og:image:height\" content=\"792\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"PCCP Teams with Fuller to Buy Distressed 503,900-SF Houston Office Portfolio\",\"datePublished\":\"2010-10-25T17:33:31+00:00\",\"dateModified\":\"2022-12-08T19:33:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/\"},\"wordCount\":148,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/10\\\/Houston-1.jpg\",\"articleSection\":[\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/pccp-teams-with-fuller-to-buy-distressed-503900-sf-houston-office-portfolio\\\/\",\"name\":\"PCCP Teams with Fuller to Buy Distressed 503,900-SF Houston Office Portfolio - 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