Jones Lang LaSalle Inc.
01/26/2026 | Press release | Distributed by Public on 01/26/2026 09:23
Downtown Houston office tower trades in recent sale
HOUSTON, Jan. 26, 2026 - JLL Capital Markets announced today that it has closed the sale of 601 Jefferson, a 1,047,748-square-foot office tower in Houston's Central Business District.
JLL represented the seller, Net Lease Office Properties, in the sale of the property to Namdar Realty Group.
Originally built in 1973, 601 Jefferson stands 42 stories tall and offers flexible floorplates and abundant on-site parking in the adjacent 701 Jefferson St. garage, which was also included in the offering. The property is 92% leased and anchored by KBR, which occupies close to 90% of the building.
The office tower and the parking garage comprise 2.94 acres in total in the southern portion of downtown Houston. 601 Jefferson is just a few blocks from Interstate 45, providing north/south freeway access and connections to Interstates 10, 69 and 610. The property is a quick drive from Montrose, Midtown and the Heights, three of Houston's most popular urban neighborhoods, and is within walking distance of numerous amenities in downtown, including GreenStreet Mall, Discovery Green, Downtown Center at the Met and the Whitehall Hotel.
JLL's Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Kevin McConn and Senior Managing Director Jeff Hollinden.
"The opportunity offered significant immediate yield, resulting in tremendous interest from various private capital sources locally and nationally, including several new-to-market investors," said McConn.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About Namdar Realty Group
Namdar Realty Group "(NRG") was founded by Igal Namdar in 1999, with the acquisition of a small retail strip on Long Island, New York. Throughout the years, NRG has organically grown into a vertically integrated real estate company. The firm is comprised of many departments and hundreds of employees. It boasts a robust in-house, acquisitions, leasing and finance team. The teams have strong relationships with their respective brokerage communities, retail tenants (both national and "mom-and-pop"), as well as various categories of lenders. While a majority of NRG's portfolio is comprised of retail assets, the portfolio also includes multi-family, mixed-use, office and healthcare properties, throughout the United States.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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