Houston’s 120,000-SF Bellevue near River Oaks sold

HOUSTON – The Bellevue, an extensively renovated 14-story office building near River Oaks, has a new owner. Principal Financial Group purchased the 120,000-sf building at 2323 S. Shepherd.

The sellers, Stream Realty Partners and DRA Advisor, had purchased the building in 2011. They transformed the 1984 building into a boutique property with a more streamlined layout and redesigned lobby.

The improvements include: an extensive building and lobby redesign and upgrades; new high-speed elevator system including cabs; common corridor improvements; restroom upgrades; exterior landscaping improvements; and installation of an EMS system.

The Bellevue’s tenants include law firms and small oil and gas companies.