HOUSTON – (Realty News Report)– Sourcepoint Inc., a provider of products and services to the mortgage industry, leased 34,852 SF of office space on Beltway 8 in West Houston.
The building, at 8101 W. Sam Houston Parkway S, is owned and managed by Denver-based EverWest Real Estate Investors.
Located on a 10 acre site, the building totals 136,800 square feet in two stories. It is now 100 percent leased.
John Pruitt, Jessica Ochoa and Jack Russo of JLL represented EverWest in the transaction. Mia Jarrell, Bob Parsley and Darren Gowell of Colliers International represented Sourcepoint.
“The pandemic has had a notable impact on leasing volume in metro Houston, keeping many office users on the sidelines as they wait to make any long-term real estate decisions,” said EverWest Managing Director Della Wegman. “Times like this make a building’s location and operating condition more critical than ever. For Sourcepoint, a highly accessible Beltway 8 location – combined with a building that EverWest has diligently maintained in Class A condition – was the right combination for this significant lease commitment.”
Sourcepoint, a leading provider of technology-based solutions to the U.S. mortgage industry, will use the space for a mortgage underwriting, processing and closings. The company, which is already located in Houston, is scheduled to move to the 8101 building in late 2020. The new space will house its current Houston operations and provide room for expansion.
The mortgage industry has been strong in 2020 as record low mortgage rates – averaging below 3 percent in Freddie Mac survey – have resulting in strong home sales and residential refinancings.
EverWest Real Estate Investors LLC, is a wholly owned subsidiary of GWL Realty Advisors.
Nov. 20, 2020 Realty News Report Copyright 2020
File: Mortgage Firm Lease Lifts EverWest Building to 100 percent occupancy
File: 2: Colliers International. EverWest Real Estate Investors .Sourcepoint. GWL Realty Advisors. Mortgage Firm Lease Lifts building to 100 percent 11-20-20. Mia Jarrell, Bob Parsley. Darren Gowell