KBS Sells Distinctive 10-Story, Class A Office in Houston to Local Private Equity Firm

HOUSTON, Texas (March 04, 2026) – KBS, one of the largest owners and operators of premier commercial real estate in the nation, announces the sale of 1800 Bering, a 171,510 square-foot, 10‑story Class A office located in Houston, Texas. The property was acquired by local private equity firm DML Capital.

According to Giovanni Cordoves, KBS’ western regional president, the disposition reflects the firm’s long‑standing focus on acquiring well‑located assets and actively managing them through market cycles to preserve relevance and drive long‑term value. “Despite ongoing challenges in the office sector, this transaction demonstrates that high‑quality, well-located, and well‑managed office properties continue to attract investor interest—in this case a great building which serves the surrounding and prestigious decision-maker neighborhoods of Tanglewood and Memorial,” says Cordoves. “Our focus has consistently been on owning and operating assets in markets with durable economic fundamentals, and we believe disciplined management and thoughtful capital investment remain critical drivers of performance.”

1800 Bering is located just west of The Galleria and benefits from immediate access to I‑10, Loop 610 and several major Houston thoroughfares. During its ownership, KBS implemented a series of strategic improvements designed to enhance the tenant experience and strengthen the building’s competitive positioning, including upgraded lobbies on all floors, new elevator cabs, refreshed common areas, updated monument signage, and a comprehensive landscaping redesign that features intricately manicured grounds, beautiful mature trees, shrubbery and seasonal flowers.

“This property stood out due to its strong positioning and the quality of ownership behind it,” says Anil Mohammed, co-founder of DML Capital. “KBS’ hands‑on investment management and strategic improvements created a clear value proposition that resonated with us as long‑term owners.”

The property offers a highly amenitized environment, featuring an on‑site micro market, tenant lounge, conference center and outdoor patio, and is surrounded by walkable retail, fitness, hospitality and entertainment options. The asset is WiredScore® Gold certified, has earned the WELL Health‑Safety Rating, and received the 2024 Kingsley Excellence Award for Tenant Satisfaction.

“The sale of 1800 Bering reflects our expertise in guiding assets through the full investment lifecycle and positioning them to generate risk‑adjusted returns,” says Brett Merz, senior vice president at KBS and former asset manager for the property. “Through active asset management and targeted capital improvements, we were able to enhance the building’s appeal and execute a successful exit in a selective capital environment.”

According to JLL, Houston’s office fundamentals transactional volume totaled 9.7 million square feet in 2025, up from 9.5 million square feet in 2024, with Class A assets accounting for the majority of activity, underscoring continued demand for well‑located, high‑quality office properties.

JLL Capital Markets Managing Directors Kevin McConn and Marty Hogan represented KBS in the sale. “In spite of ongoing headwinds in the office sector, capital continues to target best‑in‑class assets in the right locations,” says McConn. “KBS’ active investment management approach and the property’s strong positioning aligned well with current investor priorities, enabling a successful disposition in a challenging market.”

Attorneys Bruce Fischer and Howard Chu, along with paralegal Amanda Kennedy, of global law firm Greenberg Traurig, LLP’s Orange County office, represented KBS as legal counsel in the disposition.

According to Fischer, Chair of Greenberg Traurig’s West Coast Real Estate Practice and Co‑Managing Shareholder of the firm’s Orange County office, who led the legal team, “The successful execution and exit of 1800 Bering underscores the resilience of KBS’ vision for the property and the continued growth of the Houston market that enabled KBS to deliver an optimal outcome that reflects both discipline and long‑term positioning.”

The property is located at 1800 Bering Drive, Houston, Texas 77057.

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