{"id":33238,"date":"2022-02-11T08:03:21","date_gmt":"2022-02-11T05:03:21","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=33238"},"modified":"2025-03-25T16:09:14","modified_gmt":"2025-03-25T13:09:14","slug":"bh-properties-buys-vacant-spec-built-houston-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/bh-properties-buys-vacant-spec-built-houston-office-building\/","title":{"rendered":"BH Properties Buys Vacant Spec-Built Houston Office Building"},"content":{"rendered":"<p>Los Angeles-based commercial real estate investment firm BH Properties recently announced its acquisition of the office building at 21700 Merchants Way in Katy, Texas. No transaction details were included in the announcement.<\/p>\n<p>The three-story office building incorporates nearly 128,000 square feet of class A suburban <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/tx\/houston\/\" target=\"_blank\" rel=\"noopener\">Houston office space for rent<\/a>. Also known as Mason Creek Office Center II, the asset was developed by the previous owner as the second phase of a two-building office development. Following successful full-building leasing activity, the developer completed Mason Creek II as a single-tenant speculative office building in 2015.<\/p>\n<p>However, interest from tenants in that size range did not manifest as anticipated and the property has been vacant since its completion. While the building\u2019s lobby, restrooms and central core are completed and furnished, BH Properties acquired the building with the individual floors in cold shell condition. According to Scott Henry \u2014 BH Properties managing director of acquisitions with the firm\u2019s Dallas office \u2014 the buyer identified an opportunity to reintroduce the asset to the office leasing market as a multi-tenant property.<\/p>\n<p>Mason Creek II features floor plates of 42,651 square feet; above-standard ceiling heights; a generous parking ratio of 6 spaces per 1,000 square feet; two passenger elevators; and a grand staircase to facilitate access throughout the building, as well as prominent signage facing Interstate 10, which is just two miles away.<\/p>\n<p>The property is well-connected to the region with easy access to the I-10 via a full interchange at Mason Road. Moreover, it\u2019s less than 10 miles from West Houston Airport and roughly 12 miles east of Houston Executive Airport \u2014 an increasingly preferred destination for travelers flying into the Houston area and home to the world\u2019s largest arrival canopy.<\/p>\n<p>\u201cWe are starting to see increasing levels of activity in the market from companies who had previously delayed decisions on their space needs as a result of the pandemic,\u201d Henry said. \u201cWith the Katy office market continuing to outperform most of Houston\u2019s office submarkets, we feel very good about this speculative investment. We plan to amenitize the building with a well-designed tenant lounge and conference center to help attract tenants.\u201d<\/p>\n<p>Jeff Hollinden of JLL Capital Markets represented the seller in the transaction. BH Properties has enlisted Houston-based Bob Cromwell and Kevin Nolan of Moody Rambin to oversee leasing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BH Properties buys Mason Creek II, premier suburban property offering more than 120,000 square feet of class A Houston office space for rent. <\/p>\n","protected":false},"author":48,"featured_media":33241,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,4014,39],"tags":[],"class_list":["post-33238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-office","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BH Properties Buys New Houston Office Property | 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