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
- ◦Sale/Acquisition