Legacy at Fallbrook in Houston, TX sold to Radler Enterprises
JLL Capital Markets led the sales efforts for the Class A, 207K SF office building located in northwest Houston
HOUSTON, Jan. 6, 2024 – JLL Capital Markets announced today the sale of Legacy at Fallbrook, a Class A, 207,029-square-foot office property in the burgeoning northwest Houston submarket.
JLL represented the confidential seller in the sale to Radler Enterprises. Radler Enterprises, managed by Tom Radom, purchased this property after being active in the Class A office market in this area for decades.
“The addition of Legacy at Fallbrook expands our already significant presence in the Northwest Houston submarket and reflects our confidence in the continued performance of high-quality suburban assets,” said Radom.
The five-story building is currently 96.2% leased and is LEED-Gold certified, offering tenants amenities such as a state-of-the-art fitness center, conference facilities and a full-service deli. Legacy at Fallbrook occupies a 20.03-acre site that includes a 12.96-acre development tract ideal for future office or industrial expansion.
Located at 10720 West Sam Houston Parkway North, Legacy at Fallbrook is in the heart of one of the fastest-growing areas of Houston. The property provides tenants with exceptional multi-directional regional accessibility through Beltway 8, State Highway 249, U.S. Highway 290 and Interstate 10. This prime location connects Legacy at Fallbrook to Houston's newest residential communities and major employment centers.
The JLL Investment Sales and Advisory team was led by Managing Directors Kevin McConn and Marty Hogan.
“Legacy at Fallbrook is not only a prime investment due to its superior location and strong tenant base, but it also capitalizes on the increasing demand for high-quality office space in Houston’s expanding northwest corridor,” said McConn. “As Houston continues to grow, developments like this are well-positioned to attract significant tenant interest and benefit from the area's dynamic population growth and economic vitality.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Radler Enterprises
Radler Enterprises, Inc. is a privately held real estate investment and development firm based in Houston, Texas. Since its inception in 1987, Radler has specialized in developing and acquiring commercial properties with a focus upon office buildings, regional shopping malls, retail centers, industrial assets, and large land tracts. Radler approaches each transaction with an attention to detail and integrity.