Hartman 601 Sawyer LLC, a subsidiary of Hartman Short Term
Income Properties XIX Inc., announced today that it has purchased
601 Sawyer from RM Crowe.
601 SAWYER - An 88,258 square foot, seven (7) story
office building located at the intersection of Lubbock St and
Sawyer St. just off Memorial Drive. 601 Sawyer is
located minutes from Downtown Houston, in the heart of the Midtown
submarket.
Lead tenants at 601 Sawyer include: The City of Houston Planning
Department, a local government agency whose primary objective is to
provide decent housing, create a suitable living environment and
expand economic opportunities, principally for low and moderate
income persons in Houston, and Christus Health Care, a Catholic
health system that includes more than 40 hospitals and facilities
in six American states and Mexico.
601 Sawyer is currently 74% occupied and is in located a high
demand area of Houston and has strong appeal to a broad mix of
tenants. The building is positioned with immediate access
to the Central Business District and is adjacent to the
highest demographic area in Houston. Hartman Income REIT's
business plan is to stabilize the building at current submarket
rates.
Darrell Betts, CCIM of Avison and Young represented the seller,
RM Crowe, in the transaction and Dave Wheeler and Julian Kwok, CCIM
represented the buyer, Hartman 601 Sawyer LLC.
Hartman Income REIT's existing Portfolio
Hartman Income REIT, headquartered in Houston, Texas, is a
$350,000,000 Real Estate Investment Trust which owns and/or manages
32 properties and 4,200,000 square feet of office, industrial and
retail space. Our properties are located in Houston, Dallas and San
Antonio, Texas. For more information, please contact Beth Cornwell,
AVP Human Resources, at 713-467-2222.