Emerson acquired this building in Westchase.
HOUSTON – (Realty News Report) – Emerson, a technology and engineering firm based in St. Louis, has acquired a two-story, 151,000-SF building at 6001 Rogerdale Road in Westchase.
JLL’s Rudy Hubbard, Kevin McConn and Rick Goings handled the sale with Curtis Stanton of Axiom representing Emerson. The seller was 111 Realty OPO LLC of Fort Worth.
Emerson already owns the property next door to the building. The Westchase market has recorded 552,278 SF of negative absorption so far this year, JLL reports.
Built in 2008, 6001 Rogerdale Road has served as a single-tenant corporate campus since it was completed.
“This offering presented the perfect opportunity for the buyer to gain control of the property next door and accommodate growth in their business,” said Hubbard.
Features of the building include a café and break rooms for tenant use, ample parking, and convenient access to Beltway 8 and Westpark Tollway.
According to JLL research, the Westchase office submarket was heavily impacted by the downturn in the oil and gas industry. The submarket has recorded 552,278 square feet of negative net absorption so far this year and has a total vacancy rate of 28.3 percent.
Oct. 18, 2018 Realty News Report Copyright 2018