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Northpoint Central

Northpoint Central

Property Name:Northpoint Central
Location: Houston, Texas
Description:

The acquisition of Northpoint Central provides the
opportunity to enter one of Houston’s strongest-performing submarkets, North Belt/Greenspoint, where minimal new construction has contributed to single-digit vacancy rates.

Behringer Harvard purchased this office building with the intent to capitalize on expected increases in office rents.

Northpoint Central is a nine-story office building with approximately 179,000 rentable square feet. The property is located at the corner of Beltway 8 and I-45, less than 10 miles southwest of the George Bush Intercontinental Airport and approximately 30 minutes from downtown.

The North Belt/Greenspoint submarket contains approximately 10.1 million square feet of office space. Minimal new construction in this submarket helps to drive the current low vacancy rates.

The building’s amenities include an on-site deli, attached six-level parking garage, and convenient access to shopping and dining.

Property Highlights:

  • Located in a strong-performing submarket expected to post rental rate increases over the next four years
  • In proximity to George Bush Intercontinental Airport and downtown Houston
  • Building features a two-story atrium with granite finishes and polished stainless steel accents
Year Built: 1982
Asset Size:

Approximately 179,000 rentable sq. ft.

Acquisition Date:September 2007
Investment of
Behringer Harvard
Fund(s):
Opportunity REIT I, Inc.

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