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A new investment company has acquired mixed-use retail office property on 3642 University Blvd., Houston. (Courtesy 35 South Capital)
A two-story, 13,142-square-foot mixed-use retail office property in the heart of the West University district has been acquired by a new investment company.
35 South Capital closed the transaction on May 26th at the property at 3642 University Blvd., Houston, according to a June 7 press release.
For the transaction, the investment firm’s inaugural fund, The Front Porch Fund, was launched to find real estate projects in the four major Texas markets – Houston, Dallas / Fort Worth, Austin and San Antonio.
Founded in 2021 by real estate industry veterans, South Capital is led by John Morton, who brings over 20 years of experience and founded the Triple Crown Investment Group, a Houston-based family office and real estate investment company that developed the Southside Commons -Building at 4191 Bellaire Blvd, Houston, once the location of the Palace Bowling Lanes.
“We are Texans through and through and aim to raise world-class real estate investments across the state by making the most of our connections and experience,” Morton said in the press release. “Our collective knowledge in this sector will help identify properties and projects with high ROI for our investors. And our unique skills will ensure an effective, synergistic business strategy that is prepared for a noticeable impact in the Lone Star State. “
Morton joins three co-founders: Chairman Steve LeBlanc, co-founder and chief adviser of real estate investment company CapRidge; Chief Financial Officer John Anderson, co-founder of boutique private equity firm CJN Investments; and Ryan Haley, chief operating officer.
“We are four like-minded entrepreneurial partners with a longstanding collaboration,” said LeBlanc in the press release. “It is a natural next step for us to jointly build a Texas-oriented investment platform that is supported by the tailwind of the Texan economy. We look forward to a successful future together. “
35 South Capital will initially partner with Michael Hsu Office of Architecture to modernize the fully rented building while improving connectivity with the local community and expanding its strong tenant base. www.35southcapital.com
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