REALTY NEWS REPORT

North Loop Building Acquired by Finn

[originally published on realtynewsreport.com]

HOUSTON – (Realty News Report) – A group led by Houston investor Sean Finn has purchased a 136,325-square-foot office building on Houston’s north Loop 610.

The 2525 North Loop West building is a Class B property near T.C. Jester Boulvard. A Finn-led partnership, 2525 Inner Loop, L.P., purchased the property from Lykes Building Holding Associates and Smetana Texas Realty Associates.

JLL Managing Director Rudy Hubbard, Senior Vice President Kevin McConn and Vice President Rick Goings led the JLL team on the transaction.

Finn, the new owner, plans to implement a capital improvement program at the North Loop building with hopes of attracting medical-office tenants. He also plans to bring retail space to the adjacent pad sites on the property, JLL reported.

This property complements previous investments made by Finn in the area, including 2707 and 2727 North Loop West and the 24-acre Brookhollow Campus at 4400-4550 Dacoma St. These assets amount to more than 1 million SF of investment in the immediate area… READ MORE