Description

JLL Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in Eldridge I, II, and III, an 828,784-square-foot Class A trophy office portfolio strategically located in the heart of Houston’s highly sought-after Energy Corridor, one of the nation’s top-performing office submarkets. Currently 94% leased, the portfolio features a diversified tenant base with an attractive weighted average remaining lease term of approximately 7.0 years, providing durable and stable cash flow. The asset is anchored by Fluor (BB+), one of the world’s leading engineering, procurement, and construction firms, which recently established a significant presence within the Energy Corridor through substantial capital investment into its leased space. Since 2019, ownership has invested more than $20 million in capital improvements focused on enhancing building systems and modernizing the property to meet the evolving expectations of today’s office tenants. Combining institutional-quality construction, strong tenancy, and extensive recent upgrades, the portfolio represents a compelling investment opportunity within one of Houston’s premier business districts.