HOUSTON – (Realty News Report) – JLL Capital Markets announced that it has closed the sale of 12012 Wickchester, a 109,473-SF, Class B office building in Houston’s Energy Corridor.
JLL marketed the property on behalf of the seller, CapRidge Partners and procured the buyer, Woodside. Woodside, led by Mark Horrell, is a Fort Worth-based real estate fund manager that primarily acquires commercial real estate and non-performing real estate loans.
Situated on a 3.7-acre site, the 12012 Wickchester building is located directly north of the Katy Freeway between Kirkwood Road and N. Eldridge Pkwy in West Houston.
“The site is positioned in the heart of the Energy Corridor, Houston’s third largest employment center boasting many 500 companies and multi-national energy companies as well as proximity to some of the city’s wealthiest executive neighborhoods in the Memorial Villages,” JLL said. “In addition, the property is close to a significant amenity base highlighted by Town & Country Village, CITYCENTRE and Memorial City.”
The six-story building, renovated in 2021, was 61 percent leased at time of sale.
The JLL Capital Markets Investment and Sales Advisory team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.
Earlier this week, it was announced, Woodforest Bank has acquired Town Center I & II office buildings in The Woodlands. The buildings, located at 1450 Lake Robbins Dr. and 1330 Lake Robbins Dr., contain over 275,000 SF combined, the two, six-story buildings are adjacent to The Woodlands Mall. The seller was represented by Jeff Hollinden, Kevin McConn, Jack Moody, and Sherri Rollins with JLL. Jeff Beard of SVN – J. Beard Real Estate represented the buyer, Woodforest National Bank.
Feb. 3, 2023. Realty News Report Copyright 2023
Photos courtesy JLL
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