The properties are located in the heart of Houston’s Energy Corridor, the city’s hottest leasing market
News release
07 April 2025
JLL Capital Markets closes sale of 3-property Houston office portfolio
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HOUSTON, Apr. 7, 2025 – JLL Capital Markets announced today that it has closed the sale of a three-property office portfolio totalling 570,045 square feet in Houston’s Energy Corridor.
JLL represented the seller, a court appointed receiver, and procured the buyer, LFFP Ashford Portfolio.
The portfolio consists of Ashford 5 at 14701 St. Mary’s Ln.; Ashford 6 at 1155 Dairy Ashford Rd. and Ashford 7 at 900 Threadneedle St. The three buildings sit on 12.23 acres immediately adjacent to Interstate 10 and near Beltway 8, providing access to the entire Houston metropolitan area within approximately 25 minutes. The Energy Corridor has been the fastest growing area of Houston and has witnessed tremendous leasing momentum over the last 12 months. In addition to its excellent transportation access, the immediate area is highly amenitized, offering a variety of retail, dining and entertainment options, including Westchase District, CityCentre and Memorial City.
Renovated between 2014 and 2016, the portfolio offers tenants a fitness center, tenant lounges and separate parking garages serving each building. The eight-story properties are 58% occupied overall with a current weighted average lease term of 4.7 years.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn. Rick Goings, John Ream, and Clay Anderson of JLL Capital Markets also represented the buyer in the assumption and modification of the in-place loan.
“The Energy Corridor is home to the largest concentration of energy companies in the world and has seen tremendous growth not only from a population perspective but from a leasing perspective as well,” said Hogan. “The Ashford Portfolio stands to benefit from this explosive growth particularly with the lease-up of the available space.”
Goings added, “The Ashford Portfolio acquisition is a part of a 20+ acre assemblage acquired by LFFP at the hard corner of I-10 and Dairy Ashford – a generational investment in an irreplaceable location. Our client was a pleasure to work with through a complex and lengthy closing process, and this acquisition grows their portfolio from zero to over 750,000 sf of office space in the Energy Corridor within the last 12 months.”
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’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 group 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.
About JLL
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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About LFFP
LFFP is a consortium led by a local family office that acquires and manages prime commercial office properties in Houston’s Energy Corridor. In addition to the Ashford Portfolio, LFFP recently acquired Westgate II, located on I-10 just west of Highway 6.