JLL Capital Markets, as exclusive advisor to the owner, is pleased to offer for sale a 100% fee simple interest in 801 Travis (the Property), a 222,192 square foot Office tower in the heart of Houston’s Central Business District. Built in 1981 and subsequently renovated in 2007 and 2014, the Property is situated on a 0.43-acre urban infill site that features an array of walkable amenities, including residential, retail, hotel, dining, public parks, public transportation, and entertainment/sports venues. With a 10 floor parking garage, two of which are leased by the adjoined JW Marriott, the Property offers an above-market parking ratio of 2.00/1,000 SF and the ability to accommodate on-site parking for both tenants and visitors.
At 43% occupied, 801 Travis presents investors with an opportunity to create significant value through the lease up of vacant space. The contemplated basis, which will be a fraction of its peer group, will allow new ownership the ability to offer attractive leasing terms to tenants in the market that give the Property a newfound competitive advantage among its peers.