Timberway One in Houston, TX sold to LM & Associates
JLL Capital Markets secured the sale of the 93K SF boutique office property in Houston’s Energy Corridor
HOUSTON, Feb. 6, 2025 – JLL Capital Markets announced today the sale of Timberway One, a 93,578-square-foot office property located in Houston's Energy Corridor submarket.
JLL represented seller, Banyan Street Capital, in the sale to LM & Associates. The seller acquired the property as part of a 2.2-million-square-foot portfolio from Parkway Properties in 2014.
Located at 15990 North Barkers Landing Rd., Timberway One is a three-story building situated in the heart of Houston's Energy Corridor, one of the city's most active office submarkets. The property is currently 92% leased to a diverse tenant roster across nine industries, with major tenants including thyssenkrupp, 2H Offshore and Medical Care Center.
Timberway One offers excellent accessibility via Interstate 10 and Highway 6 and is surrounded by high-end retail, dining and residential neighborhoods. Additionally, the Energy Corridor has seen significant leasing activity over the past 18 months as major corporations relocate to be closer to Houston's growing westward population center.
The JLL Capital Markets team was led by Managing Director Marty Hogan.
"Timberway One presented an excellent opportunity to acquire a well-leased, stabilized asset in Houston's top-performing office submarket," said Hogan. "The Energy Corridor continues to see strong leasing momentum as companies prioritize high-quality space in amenity-rich locations near their employee bases. We expect this westward migration trend to persist, positioning assets like Timberway One for long-term growth."
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 Banyan Street Capital
Founded in 2012, Banyan Street Capital is a minority-owned, vertically integrated real estate investment firm that executes creative, value-add strategies and delivers high risk-adjusted returns to investors. With its headquarters in Miami, Florida, and regional offices in New York City, Atlanta, and Jacksonville, Florida, the firm owns, develops and operates a diversified portfolio of office, multifamily and mixed-use properties spanning approximately 10.5 million square feet of office space, 5,500 apartment units and 70,000 parking spaces across the Eastern United States.
About LM & Associates
LM & Associates is a family owned and operated investment company based in Houston, Texas. The company currently owns two office buildings in the west Houston area and has owned single-family, multi-family properties in the past.