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Regency Center

Regency Center

Property Name:Regency Center
Location: Houston, Texas
Description:

The acquisition of Regency Center provides the
opportunity to capitalize on increasing office rents in the Westchase submarket, located in West Houston. This area has historically attracted oil- and gas-related firms and is now considered to be a growing technology corridor for software vendors and consultants.

Regency Center is a six-story office building with approximately 156,000 rentable square feet. The property, constructed in 1983, is located in a mixed-use development that houses various dining and retail establishments and hotel accommodations.

Located in West Houston on Wilcrest Road, Regency Center is situated within the Westchase submarket, which is considered to be a submarket with stable office tenancy.

Regency Center is accessible to Bush Intercontinental Airport and William P. Hobby Airport via the Sam Houston Tollway, also known as Beltway 8.

Property Highlights:

  • Building is close to Hobby Airport, Bush Intercontinental Airport, and Beltway 8
  • Located near George Bush Park, the sixth largest city park in the nation
  • Houston’s job growth is among the highest in United States metro areas
Year Built: 1983
Asset Size:

Approximately 156,000 rentable sq. ft.

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

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