{"id":1004742684,"date":"2025-01-10T02:17:45","date_gmt":"2025-01-10T10:17:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004742684"},"modified":"2025-01-10T02:17:47","modified_gmt":"2025-01-10T10:17:47","slug":"radler-enterprises-buys-houston-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/radler-enterprises-buys-houston-office-asset\/","title":{"rendered":"Radler Enterprises Buys Houston Office Asset"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1780\" height=\"1336\" data-attachment-id=\"1004742747\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/radler-enterprises-buys-houston-office-asset\/legacy-at-fallbrook_sm\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg\" data-orig-size=\"1780,1336\" data-comments-opened=\"0\" 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;1685599482&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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Legacy at Fallbrook_sm\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The five-story office property came online in 2015 and includes multiple amenities. Image courtesy of JLL&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg\" alt=\"Exterior shot of a LLEED-Gold certified office building in Houston\" class=\"wp-image-1004742747\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg 1780w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/Legacy-at-Fallbrook_sm-e1736426233389.jpg?resize=1536,1153 1536w\" sizes=\"auto, (max-width: 1780px) 100vw, 1780px\" \/><\/a><figcaption class=\"wp-element-caption\">The five-story office property came online in 2015 and includes multiple amenities. <em>Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Radler Enterprises Inc. has purchased Legacy at Fallbrook, a 207,029-square-foot Class A office building within Houston\u2019s Cypress West submarket. JLL negotiated on behalf of the seller.<\/p>\n\n\n\n<p>CommercialEdge shows that EQT Exeter was the seller, which has owned and operated the property since its 2017 purchase from Liberty Property Trust.<\/p>\n\n\n\n<p>Legacy at Fallbrook rises five stories at 10720 W. Sam Houston Parkway North. The LEED Gold-certified asset is currently 96 percent leased by tenants such as Intermodal Tank Transport, M\/I Homes, Asurion and Stewart Title Co.<\/p>\n\n\n\n<p>Completed in 2015, the building offers amenities such as a conference facilities, a fitness center and a full-service deli, as well as 1,034 parking spots. The 20-acre property is 14 miles from George Bush Intercontinental Airport and 21 miles from downtown Houston.<\/p>\n\n\n\n<p>Additionally, Legacy at Fallbrook includes an approximately 13-acre lot for future office or industrial expansion or development, while being close to U.S. Route 290, Texas State Highway 240, Interstate 10 and to Beltway 8.<\/p>\n\n\n\n<p>Managing Directors Kevin McConn and Marty Hogan with JLL represented the seller in the transaction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-houston-s-latest-office-deals\">Houston&#8217;s latest office deals<\/h2>\n\n\n\n<p>Year-to-date through November, Houston&#8217;s office investment volume reached $940 million, with office assets changing hands at an average sale price of $107 per square foot, a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-november-2024-commercialedge\/\" target=\"_blank\" rel=\"noreferrer noopener\">CommercialEdge report <\/a>shows. On a national level, the market placed 12th in the top 25 U.S. office markets.<\/p>\n\n\n\n<p>Recent office deals in Houston include Capital Commercial Investments Inc.&#8217;s purchase of a <a href=\"https:\/\/www.commercialsearch.com\/news\/capital-commercial-buys-houston-office-building\/\" target=\"_blank\" rel=\"noreferrer noopener\">327,404-square-foot building<\/a> in the Energy Corridor area. Invesco Real Estate sold the property, while JLL brokered the deal. During the same period, the brokerage represented BGO in the sale of a <a href=\"https:\/\/www.commercialsearch.com\/news\/interra-capital-acquires-houston-portfolio\/\" target=\"_blank\" rel=\"noreferrer noopener\">three-building office complex<\/a> in northwest Houston. The buyer of the nearly 400,000-square-foot property was Interra Capital Group.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This LEED Gold-certified property is 96 percent occupied.<\/p>\n","protected":false},"author":2991,"featured_media":1004742747,"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":[32796,37897],"class_list":["post-1004742684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-investment","category-latest","category-office","category-southwest","tag-jll","tag-radler-enterprises"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Radler Enterprises Buys Houston Office Asset - 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