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Colliers sells 1220 Augusta Drive in Houston

 

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." 

 

1220 Augusta Drive is located in the San Felipe/Voss office submarket which is one of the smaller submarkets consisting of only 5.4 million square feet of office space. The average asking market rental rate is $26.46 per square foot.

 

1220 Augusta Drive_CDW_JK

 

 


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Christopher Winters

Principal & Director

Houston

Chris Winters joined Colliers in 1998. His career encompasses the disciplines of real estate investment, finance, management, and development. Chris has successfully closed more than $750 Million in transactions and leased more than 1.4 million square feet of space.

Prior to joining Colliers, Chris was Senior Vice President of NAB Asset Ventures. This firm was a pioneer in recognizing opportunities in the acquisition of distressed commercial real estate and mortgages. His responsibilities included the acquisition, enhancement and disposition of the firm’s real estate investments. Chris began his career with The Murphree Company, a national real estate developer based in Houston. From there he joined Texas Commerce Bank – Houston (now JP Morgan Chase) handling the management and disposition of the banks distressed commercial real estate assets (REO).

In 2012, 2013, and 2018, Chris was a Colliers' Everest Award recipient. This award, created in 2011, is bestowed upon the top 10% of all Colliers professionals in brokerage, valuation and corporate solutions across the U.S. business based on revenue production.
 

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Jay Kyle

Executive Director & Principal

Houston

Jay Kyle is a Principal and Director of Colliers in Houston, Texas. Jay has more than 20 years of experience in nearly every aspect of the real estate industry, from direct tenant representation to the negotiation of sophisticated investment opportunities on behalf of top tier portfolio managers. Jay’s skills include direct marketing, finance, investments and transaction negotiation and he consistently brings measurable value to his clients. Jay specializes in the areas of tenant representation of office, flex and light industrial transactions, successfully representing an extensive client base in lease transactions, build to suit, building acquisitions and dispositions.

Jay is consistently a top producer at Colliers and in 2009, earned his SIOR designation. The SIOR designation is a professional symbol of the highest level of knowledge, production and ethics. Only 2,800 commercial brokers worldwide have earned this designation and less than 1,000 are Office Specialists.

From 2011 - 2021, Jay was awarded the Colliers Everest Award. Established in 2011, this award is bestowed upon the top 10% of all Colliers International agents in the U.S., Canada & Latin America and recognizes Top Producers in each market based on performance.

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