HOUSTON - Dornin Investment Group has returned to the Energy Corridor submarket in a deal with Peleton Commercial Real Estate to acquire two Class B office buildings totaling 164,822 sf.
The buildings at 1250 Woodbranch Dr. and 11931 Wickchester Ln. in west Houston were built respectively in 1982 and 1984 and are located near I-10 and Kirkwood. The buildings were approximately 85 percent leased at below market rents at the time of sale. Dornin plans to invest a substantial amount of new capital for leasing costs and some minor property upgrades.
Dornin’s most recent purchase comes only 45 days after closing on the sale of Ten Plaza West at 15915 Katy Fwy.
Read more at GlobeSt.com.
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