Vacant office building, 4646 W Sam Houston North, trades hands

HOUSTON, Sept. 9, 2025 –  JLL Capital Markets announced today that it has arranged the successful sale of 4646 W Sam Houston North, an approximately 225,000-square-foot vacant office building in Houston, Texas.

JLL represented the seller. The buyer was US Property Management.

4646 W Sam Houston Pkwy North, built in 2001, is situated in Westway Park, a 150-acre master-planned business park in Houston's Westbelt submarket. The nine-story property offers direct frontage on Sam Houston Pkwy., providing visibility to more than 205,000 vehicles per day and features 722 total parking spaces with an exceptional parking ratio of 3.2 per 1,000 square feet. Situated near Hwy-249, Hwy-290 and I-10, the office building is near essential business amenities including hotels, restaurants and recreational facilities.

Houston's Energy Corridor continues to demonstrate strong market fundamentals, with West Houston experiencing over 10 million square feet of leasing activity since 2022. The robust leasing activity has propelled the submarket to some of the strongest momentum in the country, with rental rates increasing approximately 20% over the last 12 months due to limited quality supply and strong tenant demand.

The property had been continuously occupied by Cameron and Schlumberger since its construction. Schlumberger vacated the building in November 2024, and the building was sold vacant. Located within five miles of over 257,000 residents with an average household income of $118,301, the asset benefits from superior demographics and a strong residential base in one of Houston's premier corporate locations.

JLL Capital Markets' transaction team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.

"This transaction represents the successful disposition of a vacant office building in a highly visible location along Beltway 8," said Hogan. "The property's combination of exceptional visibility, abundant parking and location within one of Houston's premier master-planned business parks made it an attractive acquisition for US Property Management."

The sale underscores continued investor interest in vacant office assets positioned to benefit from the flight-to-quality trend among Houston tenants seeking modern, well-amenitized workspace.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

With decades of experience, US Property Management has managed a curated selection of properties. Through painstaking attention to detail, hard work and determination, they create significant value for their assets over time. US Property Management is proud to work with ownership through the entire life-cycle of an asset, from acquisition to disposition.