**572K SF Houston Office Portfolio Changes Hands in Energy Corridor Deal**
A Houston-based family office has acquired a portfolio of office buildings in the city’s Energy Corridor. According to CommercialEdge, the buyer, LFFP Ashford Portfolio LLC, is led by entrepreneur Mohammed Ali Lakhany. The transaction includes a three-property campus totaling 570,045 square feet.
The properties involved in the acquisition are Ashford 5, located at 14701 St. Mary’s Lane; Ashford 6 at 1155 Dairy Ashford Road; and Ashford 7 at 900 Threadneedle Street. These buildings were originally constructed between 1980 and 1982 and underwent renovations between 2014 and 2016. The updates brought new amenities to the eight-story campus, including a fitness center, tenant lounges, and dedicated parking garages for each building.
JLL’s Capital Markets Investment Sales and Advisory team, led by Marty Hogan and Kevin McConn, represented the seller in the transaction. The seller was a court-appointed receiver, following financial issues involving the previous owner.
Accesso Partners had acquired the office campus from Falcon Southwest in August 2012. However, the company later defaulted on its loan obligations, leading the properties to go into special servicing in 2022.
At the time of the sale, the portfolio was approximately 58 percent leased.
