JLL’s Capital Markets experts announced today the firm has completed the sale of Parkview I & II on behalf of seller LNR Partners. Fuller Parkview, LLC, an affiliate of locally based Fuller Realty Partners, purchased the buildings for an undisclosed price.
The two Class B office buildings are located south of Interstate 10 in Houston’s Energy Corridor. Parkview I, located at 330 Barker Cypress Road, features 110,480 square feet of rentable space over four stories and was built in 1987. Parkview II, located at 333 Cypress Run, features 65,220 square feet of rentable space over three stories and was built in 1986. The portfolio was approximately 11% leased at the time of sale.
JLL’s Rick Goings, Rudy Hubbard, and Kevin McConn represented the seller in the transaction.
“This property offered investors the opportunity to acquire a uniquely positioned portfolio with well-above market structured parking in a submarket that is showing clear signs of a recovery,” Goings said. “The Energy Corridor has led Houston in leasing activity over the last two quarters, with very large long-term commitments from energy and engineering firms. This portfolio is well-positioned to capitalize on the market’s upswing.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2018 alone, the firm’s 2,400 Capital Markets specialists completed nearly $180 billion in investment sale and debt and equity transactions globally.
For more, please visit, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

