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JLL Closes Sale of Houston Flex Complex

JLL Capital Markets closed the sale and arranged financing for Westchase Commons, a three-building office/flex industrial complex totaling 149,893 square feet in Houston. JLL represented the seller and procured the buyer, Mission Companies.
Additionally, JLL worked on behalf of Mission to secure the acquisition loan through Woodforest National Bank.
 
Completed in 2001, Westchase Commons has a flexible building design appealing to a wide range of tenants. The buildings offer grade-level, semi-dock and dock-high loading areas; open floorplan layouts and an above average parking ratio. The property is currently 77.2% leased to an investment-grade tenant roster.
 
The JLL Capital Markets team representing the seller was led by senior director Kevin McConn and managing director Trent Agnew.
 
JLL’s financing team was led by senior directors John Ream and Michael Johnson.
 
“Despite challenging market conditions, overall investor interest for this asset was substantial,” said McConn.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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