HOUSTON--Andrew Peeples, Brett Butler and Jeff Jackson of Stan Johnson Co. (SJC) have brokered the sale of C&J Energy Services' corporate headquarters in Houston for an undisclosed amount.
“This sale is reflective of the strength of the Houston market despite the current oil slump,” Peeples, SJC associate director, told GlobeSt.com. “Houston has led the nation in job growth and population growth last year and a lot of that can be attributed to sectors other than energy. We anticipate abundant capital from national and international investors continuing to target Houston due to its diversified economy.”
The campus consists of a 125,000-square-foot, three-story office building and a 96,149-square-foot tilt-wall industrial/lab building. The campus was a build-to-suit for C&J Energy Services developed by Westchase Green LLC, a partnership entity formed by InSite Realty Partners LP. The buyer was a private New York-based REIT.
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