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Transwestern Unloads Nearly 200K-SF Westchase Office Building
JLL Capital Markets arranged the sale and financing of Reserve at Westchase, a 194,919-square-foot, Class A office property in West Houston, Texas.
JLL represented the seller, Transwestern Investment Group, in selling the property to DML Capital. Additionally, JLL worked on behalf of DML to secure insurance company financing for the acquisition.
Reserve at Westchase is at 3250 Briarpark Dr., close to Beltway 8 and Westpark Tollway in Houston’s Westchase submarket.
Originally built in 1999, the four-story Reserve at Westchase building has undergone significant renovations over the past five years. The property offers a recently built first-floor tenant lounge and conference center, and a parking garage with 804 spaces. Reserve at Westchase is 76% leased to anchor tenants Mattress Firm, Yang Ming and Taylor Morrison.
Kevin McConn led the JLL Capital Markets Investment Sales and Advisory team representing the seller.
JLL’s Debt Advisory team included Michael Johnson and Michael King.
- ◦Sale/Acquisition
