{"id":1004689616,"date":"2023-11-09T23:47:03","date_gmt":"2023-11-10T07:47:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004689616"},"modified":"2023-11-10T05:03:23","modified_gmt":"2023-11-10T13:03:23","slug":"geosam-sells-north-houston-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/","title":{"rendered":"Geosam Sells North Houston Office Asset"},"content":{"rendered":"
\"263<\/a>

263 N. Sam Houston Parkway E. is roughly 14 miles from downtown Houston. Image courtesy of Colliers<\/em><\/p><\/div>\n

Geosam Capital <\/strong>has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer. Colliers <\/strong>brokered the deal for the seller.<\/p>\n

The asset previously traded in 2019 and in 2020 became subject to a $5 million loan from HSBC Bank Canada<\/strong>, as part of a larger $29 million portfolio financing, according to CommercialEdge data.<\/p>\n

Completed in 1978 and renovated in 2015, the building rises three stories and features 29,204-square-foot floorplates. The leasing broker for the property is Lee & Associates<\/strong>, the same source shows.<\/p>\n

Located near the intersection of Highway 8 and Interstate 45, in an Opportunity Zone, the 4.4-acre property is roughly 14 miles north of downtown Houston. It is also some 8 miles from the George Bush International Airport. Greenspoint Mall is within walking distance of the building.<\/p>\n

Colliers Principal & Director David Carter represented the seller in the transaction. Carter recently worked with Geosam<\/a> in the sale of another office building spanning 147,135 square feet, adjacent to 263 N. Sam Houston Parkway E.<\/p>\n

As of September, Houston recorded the highest vacancy rate in the U.S. at 24.9 percent, representing a 30-basis-point increase year-over-year and well above the 17.8 percent national average, according to a recent CommercialEdge report<\/a>. The listing rate in the metro clocked in at $30.66, rising 2.7 percent since the same month of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property previously changed hands in 2019.<\/p>\n","protected":false},"author":3120,"featured_media":1004689619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21783,21742,21747,51973],"tags":[35498,35335,32762],"class_list":["post-1004689616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-investment","category-latest","category-office","category-southwest","tag-colliers","tag-hsbc-bank","tag-lee-associates"],"acf":[],"yoast_head":"\nGeosam Sells North Houston Office Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer.\" \/>\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\/geosam-sells-north-houston-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Geosam Sells North Houston Office Asset\" \/>\n<meta property=\"og:description\" content=\"Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/\" \/>\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=\"2023-11-10T07:47:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T13:03:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1819\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Radu Corfus\" \/>\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\\\/geosam-sells-north-houston-office-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/\"},\"author\":{\"name\":\"Radu Corfus\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"headline\":\"Geosam Sells North Houston Office Asset\",\"datePublished\":\"2023-11-10T07:47:03+00:00\",\"dateModified\":\"2023-11-10T13:03:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/\"},\"wordCount\":240,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/11\\\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg\",\"keywords\":[\"Colliers\",\"HSBC Bank\",\"Lee & Associates\"],\"articleSection\":[\"Houston\",\"Investment\",\"News\",\"Office\",\"Southwest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/\",\"name\":\"Geosam Sells North Houston Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/11\\\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg\",\"datePublished\":\"2023-11-10T07:47:03+00:00\",\"dateModified\":\"2023-11-10T13:03:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a04f9fc8d7ed936167c8786eb77e39c2\"},\"description\":\"Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/11\\\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/11\\\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg\",\"width\":1819,\"height\":1365,\"caption\":\"263 N Sam Houston Parkway E is roughly 14 miles from Houston. Image courtesy of Colliers\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/geosam-sells-north-houston-office-asset\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Geosam Sells North Houston Office Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a04f9fc8d7ed936167c8786eb77e39c2\",\"name\":\"Radu Corfus\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/RaduCorfus_AuthorPhoto.png?w=72\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/RaduCorfus_AuthorPhoto.png?w=72\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/02\\\/RaduCorfus_AuthorPhoto.png?w=72\",\"caption\":\"Radu Corfus\"},\"description\":\"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. He joined the Yardi team in 2022. Before writing for CPE and MHN, Radu collaborated on story writing for animations while finishing his studies in Japanese and English language and literature.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/radu-corfus\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Geosam Sells North Houston Office Asset - Commercial Property Executive","description":"Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/","og_locale":"en_US","og_type":"article","og_title":"Geosam Sells North Houston Office Asset","og_description":"Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer.","og_url":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-11-10T07:47:03+00:00","article_modified_time":"2023-11-10T13:03:23+00:00","og_image":[{"width":1819,"height":1365,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg","type":"image\/jpeg"}],"author":"Radu Corfus","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/"},"author":{"name":"Radu Corfus","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2"},"headline":"Geosam Sells North Houston Office Asset","datePublished":"2023-11-10T07:47:03+00:00","dateModified":"2023-11-10T13:03:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/"},"wordCount":240,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg","keywords":["Colliers","HSBC Bank","Lee & Associates"],"articleSection":["Houston","Investment","News","Office","Southwest"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/","name":"Geosam Sells North Houston Office Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg","datePublished":"2023-11-10T07:47:03+00:00","dateModified":"2023-11-10T13:03:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2"},"description":"Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg","width":1819,"height":1365,"caption":"263 N Sam Houston Parkway E is roughly 14 miles from Houston. Image courtesy of Colliers"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/geosam-sells-north-houston-office-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Geosam Sells North Houston Office Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a04f9fc8d7ed936167c8786eb77e39c2","name":"Radu Corfus","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/RaduCorfus_AuthorPhoto.png?w=72","caption":"Radu Corfus"},"description":"Radu Corfus is an Associate Editor at Multi-Housing News and Commercial Property Executive with a background in creative writing and copywriting. He joined the Yardi team in 2022. Before writing for CPE and MHN, Radu collaborated on story writing for animations while finishing his studies in Japanese and English language and literature.","url":"https:\/\/www.commercialsearch.com\/news\/author\/radu-corfus\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/263-N-Sam-Houston-Parkway-E-e1699528707448.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004689616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3120"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004689616"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004689616\/revisions"}],"predecessor-version":[{"id":1004689885,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004689616\/revisions\/1004689885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004689619"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004689616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004689616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004689616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}