1111 Loop Houston, TX 77008

Property Details for 1111 Loop

Year built

1981

Lot size

3.01 lot acres

Property size

181,671 SF

Property type

Office Properties & Spaces

Description

This exceptional Class A office tower, Park Central Plaza, presents a compelling value-add investment opportunity. Located at 1111 N Loop W in Houston, Texas, this 11-story building boasts 181,671 square feet of net rentable space, currently 76% occupied. Built in 1981, the property features a striking black and silver glass curtain wall, a recently renovated lobby with granite and marble finishes, and four high-speed elevators. The unique design allows for flexible floor plans and numerous corner offices. Tenants enjoy unparalleled views of the Central Business District. The building sits on a 3.01-acre lot with two ingress/egress points on a three-lane feeder road along the 610 North Loop, providing prominent monument signage opportunities. A four-level, poured-in-place concrete parking garage offers generous covered parking (3.75/1000 RSF) and ample surface visitor parking. The property benefits from a diverse tenant roster of 25, with 39% (11 tenants) having renewed, right-sized, or expanded since the start of 2023, demonstrating strong momentum. Available suites range from 1,129 to 16,615 square feet. This well-maintained asset offers significant potential for increased occupancy and return on investment, given the rising rental rates in the North Loop submarket (nearly $23.25/RSF/YR) and the increasing occupancy of Class A and B office buildings in the area. 18% of new tenancy is committed to 10-year leases since the fourth quarter of 2023.

Location Insight

City

Houston

County

Harris

State

Texas

Longitude

-95.4193

Latitude

29.8117