The property currently 52% leased consists of 599,107 square feet on 1.447 acres. The current ownership has invested over $14.5 million of non-leasing capital which has generated significant leasing momentum. At 52.3% leased and in-place rents well below market, Esperson offers investors a compelling value add opportunity at a price that represents a fraction of replacement cost.
- Esperson consists of two interconnected office buildings comprising the Italian Renaissance influenced Niels Esperson
- Building built in 1927 and the art deco style Mellie Esperson Building built in 1941 that contain almost 600,000 sq. ft. Including
- the attached garage, they occupy a full city block in the geographic center of downtown and stand as the most iconic and
- significant historical buildings in Houston’s Central Business District.