Bellaire Park

6565 & 6575 West Loop South  |  Bellaire, Texas

The property is located near major thoroughfares and public transportation nodes, and enjoys good accessibility to the Houston CBD. Its proximity to Texas Medical Center, Houston’s largest employment centre outside of the CBD, has contributed to its high concentration of tenants from the healthcare and professional services sector. In 2013 and 2014, the buildings underwent significant refurbishments resulting in remodelled entrances, a covered patient drop-off area for the building with significant medical tenancy, modern elevators, as well as improved chillers and cooling towers. One of its office buildings is a recipient of the US Environmental Protection Agency’s prestigious ENERGY STAR® label.

Key Statistics

US$53M Valuation as of 31 December 2019
313,873 SF Net Lettable Area
90.8% Committed Occupancy as of 30 June 2020
0.7% Previous 12 Month Rental Growth(1)
(6.6%) Projected Rental Growth(1)
Freehold Land Tenure

(1) Refers to average submarket office rent.

Source: CoStar Office Report, July 2020.