Interra Capital Group has recently acquired the iconic Esperson complex located in downtown Houston. The purchase was made through a foreclosure process, after Interra purchased the note from MetLife. This historic property is situated at 808 Travis Street and spans over 600,000 square feet.
The acquisition was completed for $12 million, making Interra the highest bidder at the foreclosure sale. The previous owner of the buildings since 2012 was Contrarian Capital Management. According to Commercial Edge reports, an original note of $52.8 million was issued in 2018 and later amended to a reduced loan amount of $41 million in 2022.
Cameron Management led the foreclosure process and will continue to oversee Property and Facilities Management for a designated period of time.
The Esperson complex comprises two structures – one with 32 stories and another with19 stories – featuring stunning Italian Renaissance architecture that has been well-preserved over time. In addition to its historical significance, this office complex offers modern amenities such as a conference center, on-site property management services,and a food court with multiple dining options for tenants’ convenience.
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