CCI-MBM XVI

Asset type: Office Building · Location: Houston, Texas

A 21-STORY, 411,243 SF CLASS “A” OFFICE TOWER LOCATED IN THE MOST DESIRABLE SUBMARKET IN HOUSTON. THE PURCHASE ALSO INCLUDES A 7,019 SF RESTAURANT CURRENTLY LEASED BY PAPPAS BROS. THE PROPERTIES ARE SITUATED ON A GROUND LEASE OWNED BY THE R.E. SMITH FAMILY TRUST SET TO EXPIRE IN 47 YEARS. HINES DEVELOPED THE OFFICE PROPERTY IN 1978. MAJOR RENOVATIONS ON THE OFFICE TOWER WERE COMPLETED IN 2001. THE PROPERTIES ARE ADJACENT TO THE PRESTIGIOUS UPTOWN DISTRICT MINUTES AWAY FROM THE HOUSTON GALLERIA MIXED-USE DEVELOPMENT. THE PROPERTIES HAVE EASY ACCESS TO AND OUTSTANDING VISIBILITY FROM LOOP 610.