Equus Capital Partners has sold 5300 Memorial Drive, a boutique office property in Houston totaling 153,671 square feet, to CAMCO Investment Group. The transaction involves a Class A office tower that has been most recently renovated in 2019, positioning the asset as an updated option within its competitive set. Although financial terms of the trade were not disclosed, the deal highlights ongoing investor interest in well-leased Houston office assets.
JLL acted on multiple fronts in the transaction. The firm represented Equus Capital Partners in the disposition of 5300 Memorial Drive and also sourced CAMCO Investment Group as the buyer. JLL’s Capital Markets Investment Sales and Advisory team working on behalf of the seller was led by Marty Hogan and Kevin McConn, who oversaw the marketing and execution of the sale assignment. Their involvement underscores the continued role of institutional brokerage platforms in matching office sellers and buyers in today’s market.
On the financing side, JLL also represented CAMCO Investment Group to secure acquisition debt for the office property. The buyer obtained a five-year acquisition loan from Cornerstone Capital Bank, with JLL’s Debt Advisory team led by John Ream arranging the financing. While specific loan proceeds and terms were not released, the presence of a dedicated debt advisory team and a named bank lender highlights that balance sheet capital remains available for select office opportunities.
Ream noted that lenders are increasingly active for office assets that are both well located and well leased, and that 5300 Memorial Drive drew attention from a range of capital sources. According to his comments, interested lenders included life insurance companies as well as both local and national banks, suggesting a competitive bidding environment on the debt side for this particular asset profile. His remarks indicate that debt capital channels are reopening, at least for office properties that demonstrate strong tenancy and location fundamentals.
The 11-story property at 5300 Memorial Drive offers Class A office space supported by a connected six-level parking garage providing 444 parking spaces. The building is currently 90.1% leased to a mix of tenants, signaling a relatively strong occupancy position in the current office market environment. The recent renovation in 2019, combined with the property’s high leased percentage, likely contributed to lender and investor interest, even as broader office fundamentals remain mixed in many U.S. markets.
Although the article does not specify the tenant roster, lease maturities, or rent levels, the reported occupancy indicates that 5300 Memorial Drive delivers in-place income for the new owner. For CAMCO Investment Group, the acquisition pairs a stabilized leasing profile with recently improved building systems and finishes. For Equus Capital Partners, the sale represents a completed disposition of a Houston office asset through an intermediary that was able to align an institutional seller, a private buyer, and bank financing within the same transaction framework.
