The area at the corner of Morningside Drive and Times Boulevard was recently purchased by real estate company Fifth Corner, according to a Sept. 10 news release from Colliers, a global professional services and investment management company.
The details: Consisting of 28,500 square feet of office space and 38,035 square feet of retail space, the property includes addresses such as 2400 Times Blvd., 2400 Rice Blvd. and 2444 Times Blvd.
“This transaction represents a landmark opportunity in Rice Village, a submarket with exceptional demographics, walkability and long-term growth potential,” said David Carter, a principal at Colliers, in the release. “We’re excited to see how the next chapter of this property’s story will further enhance one of Houston’s most iconic retail and lifestyle destinations.”
Tenel Tayar, co-managing partner at Fifth Corner, told Community Impact that some new tenants will be brought in, and the real estate investment firm will see which tenants would like to remain on the property.
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