Colliers is pleased to announce the sale of a ±89,820 square foot office building on 3.63 acres in the North Houston District at 16701 Greenspoint Park Drive in Houston, Texas. A private buyer was represented by Bill Ginder of Caldwell Companies. The seller, Greenspoint Property Management, was represented by David Carter of Colliers in the transaction.
Intercontinental Park III is a three-story, multi-tenant office building located in North Houston. The property offers a three-story atrium lobby with a centered skylight, garage and surface parking situated on a quiet campus-like setting.
The property is located within Houston’s North Belt/Greenspoint office submarket, which contains 12.1 million square feet of office space that is currently 58.2% occupied. The submarket recorded 177,331 square feet of net absorption during 2023 and offers an average gross rental rate of $17.10 per square foot.
About Colliers
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.
