JLL Capital Markets has arranged the sale and financing of Reserve at Westchase, a 194,919-square-foot, Class A office property located in West Houston, Texas.
Representing the seller, Transwestern Investment Group, JLL facilitated the transaction with DML Capital as the buyer. In addition to brokering the sale, JLL also secured insurance company financing on behalf of DML Capital for the acquisition.
Reserve at Westchase is situated at 3250 Briarpark Drive, strategically positioned near Beltway 8 and the Westpark Tollway in Houston’s Westchase submarket. Originally built in 1999, the four-story property has undergone extensive renovations over the past five years. Updates include a modern first-floor tenant lounge and conference center, as well as a parking garage offering 804 spaces.
The building is currently 76% leased, with anchor tenants including Mattress Firm, Yang Ming, and Taylor Morrison.
The JLL Capital Markets Investment Sales and Advisory team was led by Kevin McConn. The Debt Advisory team included Michael Johnson and Michael King.
