The building at 801 Travis has faced financial challenges in recent years as a number of tenants have moved out.
HOUSTON — A downtown office tower that has faced financial hardships in recent years has found a new owner.
An unnamed private investor paid an undisclosed amount to acquire 801 Travis, a, 22-story, 222,192-square-foot office tower in the heart of Houston’s central business district.
JLL represented the court-appointed receiver in the sale of the property, while the buyer was represented by New York-based Morris Chen.
JLL’s capital markets investment sales and advisory team was led by Senior Director Rick Goings, Managing Director Marty Hogan, Senior Managing Director Tom Hall and analysts Gianna New and Dawson Hastings.
Harris Central Appraisal District records show the property at 801 Travis was previously owned by Dallas-based Lincoln Property Co. The Houston Business Journal previously reported that LPC Realty Advisors I LP, an affiliate of Lincoln Property Co., bought the building from Atlanta-based Goddard Investment Group in 2015 on behalf of a pension fund client.
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