Sale and financing of 1800 Bering arranged by JLL Capital Markets

HOUSTON, Mar. 4, 2026 –  JLL Capital Markets announced today that it has closed the sale and arranged the financing of 1800 Bering, a 171,510-square-foot, Class A office building in Houston, Texas.

JLL represented the seller, KBS, and procured the buyer, local private equity firm, DML Capital. JLL also worked on behalf of DML Capital to secure a three-year acquisition loan with an insurance company.

1800 Bering is located between Westheimer Rd. and San Felipe St. just west of The Galleria and Uptown submarkets, which offer numerous retail, dining and entertainment amenities, many within walking distance. The property benefits from immediate access to Interstate 10, Loop 610 and several major Houston thoroughfares, providing access throughout the Greater Houston area. Additionally, 1800 Bering is close to affluent residential neighborhoods, including The Villages, River Oaks, Briar Forest and Memorial.

During its ownership, KBS implemented a series of strategic improvements to 1800 Bering, designed to enhance the tenant experience and strengthen the building’s competitive positioning, including upgraded lobbies on all floors, new elevator cabs, refreshed common areas, updated monument signage, and a comprehensive landscaping redesign that features intricately manicured grounds, beautiful mature trees, shrubbery and seasonal flowers. The property is currently 83.2% leased to a diverse rent roll of tenants and offers on-site amenities, including an on‑site micro market, tenant lounge, conference center and outdoor patio. The asset is WiredScore® Gold certified, has earned the WELL Health‑Safety Rating, and received the 2024 Kingsley Excellence Award for Tenant Satisfaction.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Kevin McConn and Marty Hogan.

“Houston has been one of the most active office markets in the country over the past year,” said McConn. “Investors are drawn to the strength of the city, the underlying office fundamentals and the once in a generation opportunity to invest at a lower cost basis.”

JLL’s Debt Advisory team representing DML Capital was led by Managing Director Michael Johnson and Senior Director Michael King.

“The debt capital markets are back open for office and there is no lack of liquidity for well-located, well-maintained assets such as 1800 Bering,” added Johnson. “We ran a competitive process and garnered quite a bit of interest from a variety of groups that were eager to lend in the Houston market.”

JLL Capital Markets 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, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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

KBS is one of the largest investors in premier commercial real estate in the nation. As a private equity real estate company and SEC‑registered investment adviser, KBS and its affiliated companies have completed more than $45.7 billion in transactional activity on behalf of private and institutional investors globally. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates high‑quality commercial real estate and has invested in nearly 1,700 multifamily, industrial, office and retail assets since inception. The firm is committed to strong business ethics, long‑standing relationships, and a consistent focus on exceeding the expectations of its investors, partners and tenants. SEC registration as an investment adviser does not imply any particular level of skill or training. For more information, please visit www.kbs.com.

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 at www.dml.capital.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.