Key Takeaways
- • JLL Capital Markets closed the sale and arranged financing of 1800 Bering, a 171,510-square-foot Class A office building in Houston, representing seller KBS and procuring buyer DML Capital, a local private equity firm.
- • DML Capital secured a three-year acquisition loan from an insurance company to finance the purchase, with JLL arranging the debt structure.
- • The property operates at 83.2% occupancy with a diversified tenant base and benefits from premium location positioning west of The Galleria with immediate access to Interstate 10 and Loop 610.
- • 1800 Bering has received institutional certifications including WiredScore® Gold, WELL Health-Safety Rating, and the 2024 Kingsley Excellence Award for Tenant Satisfaction, reflecting capital improvements implemented during KBS ownership.
- • JLL's Capital Markets Investment Sales and Advisory team was led by Managing Directors Kevin McConn and Marty Hogan in representing the seller.
Summary
JLL Capital Markets announced the closure of the sale and financing arrangement for 1800 Bering, a 171,510-square-foot Class A office building located in Houston, Texas. The transaction concluded on March 4, 2026, with JLL representing seller KBS and identifying local private equity firm DML Capital as the buyer. JLL also structured and arranged debt financing on behalf of the buyer, securing a three-year acquisition loan through an insurance company.
The property is strategically positioned in Houston's Tanglewood area, located between Westheimer Road and San Felipe Street, immediately west of The Galleria and Uptown submarkets. The location provides direct access to Interstate 10 and Loop 610, facilitating connectivity throughout the Greater Houston metropolitan area. The building's proximity to affluent residential neighborhoods including River Oaks, The Villages, Briar Forest, and Memorial, combined with nearby retail, dining, and entertainment amenities, enhances its competitive market positioning for Class A office leasing.
During KBS's ownership, the asset underwent comprehensive capital improvements designed to strengthen tenant experience and competitive positioning. Upgrades included refreshed lobbies on all floors, new elevator cabs, revitalized common areas, updated monument signage, and a complete landscaping redesign. The property currently operates at 83.2% occupancy across a diversified tenant roster and features on-site amenities including a micro market, tenant lounge, conference center, and outdoor patio space. The building has achieved WiredScore® Gold certification and WELL Health-Safety Rating accreditation, and received the 2024 Kingsley Excellence Award for Tenant Satisfaction, reflecting operational and sustainability standards.
The transaction was executed by JLL's Capital Markets Investment Sales and Advisory team, led by Managing Directors Kevin McConn and Marty Hogan, who represented the seller throughout the transaction process.
The property is strategically positioned in Houston's Tanglewood area, located between Westheimer Road and San Felipe Street, immediately west of The Galleria and Uptown submarkets. The location provides direct access to Interstate 10 and Loop 610, facilitating connectivity throughout the Greater Houston metropolitan area. The building's proximity to affluent residential neighborhoods including River Oaks, The Villages, Briar Forest, and Memorial, combined with nearby retail, dining, and entertainment amenities, enhances its competitive market positioning for Class A office leasing.
During KBS's ownership, the asset underwent comprehensive capital improvements designed to strengthen tenant experience and competitive positioning. Upgrades included refreshed lobbies on all floors, new elevator cabs, revitalized common areas, updated monument signage, and a complete landscaping redesign. The property currently operates at 83.2% occupancy across a diversified tenant roster and features on-site amenities including a micro market, tenant lounge, conference center, and outdoor patio space. The building has achieved WiredScore® Gold certification and WELL Health-Safety Rating accreditation, and received the 2024 Kingsley Excellence Award for Tenant Satisfaction, reflecting operational and sustainability standards.
The transaction was executed by JLL's Capital Markets Investment Sales and Advisory team, led by Managing Directors Kevin McConn and Marty Hogan, who represented the seller throughout the transaction process.
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