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Geosam Unloads Houston Office Building

Geosam Capital has sold 263 N. Sam Houston Parkway E., an office building in Houston spanning 87,282 square feet, to a private buyer. Colliers brokered the deal for the seller.

The asset previously traded in 2019 and in 2020 became subject to a $5 million loan from HSBC Bank Canada, as part of a larger $29 million portfolio financing, according to CommercialEdge data.

Completed in 1978 and renovated in 2015, the building rises three stories and features 29,204-square-foot floorplates.

Located near the intersection of Highway 8 and Interstate 45, in an Opportunity Zone, the 4.4-acre property is roughly 14 miles north of downtown Houston. It is also some 8 miles from the George Bush International Airport. Greenspoint Mall is within walking distance of the building.

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