Colliers is pleased to announce the sale of a 112,867 square foot office building located at 1220 Augusta Drive in Houston, TX. The buyer, 1220 Augusta, LLC, is a Houston investment group. Christopher D. Winters and Jay Kyle of Colliers represented the owner on the sale of the property.
"Even during the challenges presented to the office market over the past year, interest in this property was surprisingly strong," said Christopher D. Winters, Principal & Director. "The San Felipe/Voss submarket has always been a desirable market for many small to mid-size firms. The area's convenient access to the Galleria area, retail establishments and high-end residential communities is a driver for many firms to relocate here. The new owners will occupy a portion of the space along with some existing tenants, with plans to lease-up the remaining space."