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LM & Associates, a Houston investment firm affiliated with Lewis Marks, has acquired Timberway One, an office property located in Houston’s Energy Corridor submarket, JLL Capital Markets announced.
The Energy Corridor office market has seen a marked improvement in activity over the last year or so. The Energy Corridor, located on the west side of Houston along Interstate 10, is home to hundreds of energy-related firms. The Energy Corridor brand is recognized around the globe, including the Middle East.
The Timberway One, a 93,578-SF office property is located at 15990 North Barkers Landing Road. JLL represented seller, Banyan Street Capital, in the sale to LM & Associates. The Banyan Street Capital acquired the property in 2014 as part of a 2.2-million-SF portfolio from Parkway Properties.