Lender Owned: Heron Lakes | Value-Add Office Portfolio | Houston TX

Highlights:

• Beltway Frontage & Visibility with Excellent Ingress/Egress: The Portfolio sits on 8.63 acres of direct frontage on Sam Houston Parkway (“Beltway 8”), providing visibility and branding opportunities to the 106,000+ vehicles per day that travel the tollway and 28,615 vehicles per day that travel the service road.
• Value-Add Opportunity at Attractive Basis: Currently 63.6% leased, the Property offers near-term upside through the lease-up of vacant space in one of Houston’s preferred submarkets.
• Superior Demographics & Residential Base: The regional profile showcases demographics well above the overall Houston averages.
• Robust Suburban Amenity Base: Northwest Houston has experienced significant development and population growth over the last 10 years, creating more demand for office product. The area has an “urban-suburban” feel with over 15.1 million square feet of retail space within a 4-mile radius and is surrounded by both executive and employee housing options for tenants.

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2852/lender-owned-heron-lakes-value-add-office-portfolio-houston-tx?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_2852

Jones Lang LaSalle Americas, Inc., in conjunction with RealINSIGHT Marketplace, is pleased to present the opportunity to acquire the fee-simple interest in Heron Lakes (“The Portfolio”), a four-building office portfolio comprised of 200,155 square feet, situated on approximately 8.63 acres strategically located in one of the fastest-growing submarkets within Houston. Heron Lakes has unparalleled Beltway frontage and visibility, as well as excellent regional accessibility being located between U.S. Highway 290 and State Highway 249 along the Sam Houston Parkway.

The Portfolio, currently 63.6% leased, is the benefactor of robust population growth in northwest Houston, providing tenants with attractive drive times to Houston’s newest and most highly regarded suburban communities. Heron Lakes continues to be a premier option for tenants circling Northwest Houston, offering the ability to accommodate smaller tenants desirous of a highly visible location with building signage opportunities through efficient floor plans and a parking ratio of 3.62/1000. Heron Lakes offers investors a rare opportunity to purchase a well-located suburban office park at a very attractive basis that is significantly below replacement cost.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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