A group of four office buildings totaling 378,127 square feet in Houston, Texas, have sold for $31.6 million.
Mammoth Equities sold the six-story buildings — located at 2600, 2616, 2626 and 2656 South Loop West in the Medical Center/South Main submarket — to Carmel Village Retirement Residences.
The properties in the South Loop West portfolio include:
- 2600 South Loop West, which is situated on 2.5 acres and consists of 81,007 rentable square feet. At the time of sale, the property was 77 percent leased.
- 2616 South Loop West, which is situated on 2.95 acres and consists of 82,019 rentable square feet. The property was 92 percent occupied at the time of the sale.
- 2626 South Loop West, which is situated on 3.36 acres and consists of 106,972 rentable square feet. At the time of the sale, the property was 87 percent leased.
- 2656 South Loop West, which is situated on 3.45 acres, consists of 108,129 rentable square feet. The property was 77 percent occupied at the time of the sale.
All of these properties underwent renovation in 2003.
