JLL Capital Markets arranges acquisition financing for premier Houston office building

HOUSTON, Aug. 19, 2025 – JLL Capital Markets announced today it secured fixed-rate, acquisition financing with an insurance company for 3555 Timmons, a 227,064-square-foot, Class A office building strategically positioned in Houston's coveted Greenway Plaza district.

JLL worked on behalf of the borrower, DML Capital, to secure financing for the acquisition.

The property, built in 1982 and comprehensively renovated in 2017 and most recently in 2024, showcases modern amenities throughout its 227,064 square feet of rentable space. The building has undergone significant capital improvements, including a complete first-floor lobby renovation, restroom and corridor upgrades throughout floors one through 14, installation of two new 350-ton York chillers and the addition of a state-of-the-art conference center. These enhancements have transformed the building into a contemporary workspace featuring sleek, modern design elements and a welcoming ambiance for tenants and visitors.

The building is currently 95 percent leased and anchored by the Houston-Galveston Area Council, which occupies approximately 34 percent of the building. The tenant roster includes a well-diversified mix across industries, including government, finance, legal services, oil and gas, consulting and logistics, minimizing overexposure to any single sector.

Located within Houston's inner loop, the property provides unparalleled access to the city's most affluent residential neighborhoods, including River Oaks, West University Place and Afton Oaks. The office tower sits on 1.84 acres and commands exceptional visibility with frontage along both Timmons Lane and Edloe Street, benefiting from exposure to more than 50,000 vehicles per day.

Additionally, the property benefits from its prime location within the Greenway Plaza master-planned commercial district, offering tenants immediate proximity to upscale retail and dining destinations, including the Shops at Greenway, River Oaks Shopping District, Highland Village and Rice Village.

The JLL Capital Markets team was led by Managing Director Michael Johnson and Director Michael King supported by Analysts Scot Sarlin and James Lovell.

"3555 Timmons represents the type of office asset that continues to attract both tenants and capital in today's market – a building with excellent bones that has been thoughtfully upgraded to meet modern workplace standards," said Johnson. "The property's position in the heart of Greenway Plaza, surrounded by Houston's most desirable residential neighbourhoods and with unmatched highway accessibility, provides tenants with an ideal business address. The strong lease-up activity and rent growth we're seeing in this submarket demonstrate the ongoing flight-to-quality trend favoring premier locations with contemporary amenities."

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.

For more news, videos and research resources, please visit JLL’s newsroom.

DML Capital is a prominent private equity firm headquartered in Sugar Land, Texas, founded in 2012. The firm specializes in the development of retail centers and the strategic acquisition of value-added retail and office properties, currently managing over 2 million square feet of space with assets under management exceeding $600 million.

DML Capital’s investment philosophy emphasizes the identification and acquisition of assets that present significant opportunities for value enhancement and turnaround. The firm employs a disciplined approach to structuring initial valuations of acquired properties, ensuring they deliver stable, long-term returns while effectively navigating market fluctuations. 

With a strong commitment to aligning interests with equity investors, DML Capital consistently achieves reliable returns across diverse market conditions. For more information or inquiries, please visit their website athttps://dml.capital