Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing the Esperson building in downtown Houston for sale. Recognized by the Building Owners and Managers Association (BOMA) as the Outstanding Building of the Year for 2016 in the Historical category, the 599,107-square-foot Esperson comprises two parts – Niels Esperson and Millie Esperson – built in 1927 and 1941 and stands as one of the two historic office buildings located in Houston’s central business district.
The Esperson is one of the most recognizable buildings in Houston. It is the only office building in the Houston CBD designed with Italian Renaissance architecture. Ideally located along the METRO Light Rail at 808 Travis Street and 815 Walker Avenue, the Esperson provides great ingress and egress for employees. The METRO Light Rail connects Downtown, Midtown, the Museum District, the Texas Medical Center, NRG Park and the South Fannin Park and Ride lot. The commercial property for sale is also easily accessible from the surrounding major highways. The Esperson is conveniently located at Travis and Rusk Streets, which serve as main arteries into the CBD.
In addition to the BOMA award, the building has also been awarded the ENERGY STAR® label in 2002, 2007 through 2012 and 2015 through 2016 from the U.S. Department of Energy and Environmental Protection Agency. These awards are a significant honor particularly for a building of this vintage. The current owner recently invested nearly $8.9 million in non-leasing capital that went toward building upgrades, including a redesigned lobby, new multi-tenant corridors, façade repairs, tunnel access renovations and more.
For more information on the Esperson or other office properties for sale, please contact Dan Miller or Martin Hogan in HFF’s Houston office. For information on financing, please contact Susan Hill. To view HFF’s current real estate investment sales listings, please click here to be directed to HFF’s property search page.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.