Kirby Interchange in Houston/Texas
Kirby Interchange includes a rentable area of 27,264 m2, spread over eight buildings, on a property covering 58,801 m2 in total. The units are predominantly used as office space. The properties are strategically located one block south of the intersection of Kirby Drive and Loop 610 one kilometer away from NRG Stadium and in the growth path of the Texas Medical Center, the largest Medical Center in the world.
ROY sold Kirby Interchange for a consideration of USD 35 million in February 2020 after holding the property for about 2.5 years. ROY improved the occupancy rate and optimized the rental income as well as invested in the property. The improved property can be appreciated in our short video.