Radler Enterprises Buys Busy Northwest Houston Office Building

Radler Enterprises has secured a mostly leased office building in Northwest Houston.

The Houston-based property management company purchased Legacy at Fallbrook, a 207,000-square-foot office building at 10720 West Sam Houston Parkway North, Bisnow reported.

The sale marks a strategic move for Radler Enterprises, which has been active in the region’s high-end office market for many years. The seller was EQT Exeter, which has owned the building since at least 2018, public records show. Kevin McConn and Marty Hogan of JLL Capital Markets represented the seller in the transaction.

The price wasn’t disclosed, but the Harris Central Appraisal District valued the property at $42 million last year.

The building, developed by William Hankowsky’s Liberty Property Trust, is 96 percent leased. It sits on 20 acres, including 13 acres that could be used for future office or industrial development. Amenities in the building include a fitness center, conference facilities and a deli.

The acquisition reflects Radler Enterprises’ confidence in well-performing suburban office assets, said Tom Radom, the firm’s managing principal.

Demand for office space in Northwest Houston has surged, with a 48,500-square-foot increase in absorption between the first and third quarters of last year, comprising over 15 percent of Houston’s overall occupancy gain during that period.

While the office market in Houston’s Northwest submarket continues to see strong demand, landlords in the city’s urban core are dealing with a vacancy rate of about 26 percent.

Other recent Northwest Houston office transactions include Interra Capital’s purchase of the three-building Remington Square office complex, which was 77 percent leased in July 2024. The seller was New York firm BentallGreenOak.

Additionally, Houston-based DZMI’s recently acquired the 246,000-square-foot Tower at 290 from Dallas-based Granite Properties. That 12-story building, constructed in 1982 and renovated in 2015, is slated for further renovations, including upgrades to amenities and common areas.

David Weekley Homes purchased a 49,000-square-foot office building at 8847 West Sam Houston Parkway, also in Northwest Houston, from NewQuest Properties this week.

— Andrew Terrell