HOUSTON — JLL has arranged the sale of Ashford Place II and III, two Class B properties in Houston’s energy corridor. The Mission Cos. purchased the properties for an undisclosed amount. The company also owns two buildings adjacent to Ashford Place II and III. The purchase raises The Mission Cos.’ total investment in the energy corridor to 12 acres. Rudy Hubbard, Kevin McConn and Rick Goings led the JLL team representing the seller, Insite Realty, in the transaction. Ashford Place II is a 58,730-square-foot office building located at 950 Threadneedle St. Ashford Place III is an 84,775-square-foot office building located at 14800 St. Mary’s Lane. The properties were built in 1977 and 1978, respectively, and underwent a $3.2 million capital improvement program in 2008. The properties each offer access to I-10, Beltway 8, Houston’s central business district, Memorial City, Westchase, CityCentre and both major airports. The Mission Cos. is an integrated full-service group of companies involved in the development, acquisition, management and leasing of office buildings and medical buildings in Houston and the surrounding communities.
Ashford Place II and III are Class B properties located in Houston’s energy corridor.
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