BREAKING NEWS

58 Cities Drop Off Million-Dollar Home List

RNR Real Estate Briefs – HOU, AUS, DAL & more

Offices For Energy Transition

Partners Buys Former Hartman Properties

Griffin Partners Gains Tenants at Loop Central

Historic Building Redo Planned

REALTY NEWS REPORT - Logo

Banner
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Emerson Buys Westchase Building

by Realty News ReportOctober 18, 2018
Share0
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
Share0
previous post
CBRE: Houston has 152 New Hotels in the Pipeline
next post
Historic Redevelopments Providing a New Lease on Life : Q&A with William R. Franks

Related posts

58 Cities Drop Off Million-Dollar Home List

Realty News ReportMarch 20, 2023

RNR Real Estate Briefs – HOU, AUS, DAL & more

Realty News ReportMarch 18, 2023March 18, 2023

Offices For Energy Transition

Realty News ReportMarch 15, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
Property Logos
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
Evergreen Commercial Realty
STREAM Ad
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact