Portfolio
Real Estate
801 Congress Street
Transaction Overview
Acquired on an off-market basis, 801 Congress Street is a historic, boutique office building located in the CBD submarket of Houston. The property is situated on the north side of Market Square Park, an area of Downtown Houston that is emerging as the live-work-play hub of the city. The property caters to smaller professional and creative office tenants and features building amenities that include three well-establish Houston restaurants, park and skyline views and dedicated tenant parking. SRC implemented a comprehensive capital campaign to reposition and dramatically upgrade the property prior to selling to a private investor in 2016.
Key Stats
Location
Houston, TX
Submarket
Downtown/CBD
Square Footage
65,000 SF
Property Type
Class "B" office
Investment Profile
Value-Add
Acquired
Q2 2014
Status
Realized investment; sold Q3 2016