The property is comprised of two two-story buildings with 251,168 net rentable square feet and an overall parking ratio of 5.8 per 1,000 square feet. Constructed in 2000 and 2001, Airport Centre I and II feature large, efficient floor plates and 10-foot ceiling heights. With an occupancy rate of 81.6 percent, the property is headquarters to Warrantech Corporation and leased to several other credit-worthy tenants.
Stanton Road Capital purchased the asset from Allegiancy Houston, LLC for an undisclosed price. CBRE’s Eric Mackey, Gary Carr, John Alvarado, Jared Chua, Robert Hill and Pete Van Amburgh arranged the transaction on behalf of the seller.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
