February 23, 2017
Davis Holdings LP acquired a 100%-occupied, 33,000-square-foot office building at 1500 McGowen St. in Houston. The locally-based Davis Holdings struck the deal with Skyland Lodge Tract LP. The sales price was undisclosed.
JLL’s Louis Rosenthal negotiated the terms on behalf of Davis Holdings. David Husid and Brandi McDonald of Newmark Grubb Knight Frank represented the seller.
“Davis Holdings was attracted to the property’s accessible location, proximity to downtown and adequate parking,” Rosenthal said. “Fully renovated and located in Midtown’s growth path, the building should prove to be a great investment for the firm.”
1500 McGowen is a two-story, Class B office building at the corner of La Branch and McGowen Streets in Houston’s Midtown submarket. The building delivered in 1972 and was renovated in 2002.
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