HOUSTON–Rosemont Realty LLC has acquired the 15-story Kirkwood Tower, located in Houston's Energy Corridor.
The asset adds 285,682 rentable square feet of class A office space to Rosemont Realty's portfolio. It brings the company's total square footage in the greater Houston area to nearly 2.5 million square feet in 16 properties, including Kirkwood Atrium II next door.
“Houston has not only recovered more quickly than other cities from the economic recession, it has experienced growth in the commercial real estate market sector with the spotlight on the city's Energy Corridor," Helen Rivero, Rosemont Realty's regional principal, told GlobeSt.com. "This submarket has witnessed a higher occupancy rate and, subsequently, higher lease rates quarter over quarter. Kirkwood Tower has all the quality, full-service amenities you'd expect from a class A building, bolstered by its location in the heart of the Energy Corridor. It is Rosemont's flagship asset in Houston."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.