HOUSTON—Northwest Houston has been driven by population growth, given the proximity to the Energy Corridor and The Woodlands. One four-building campus is the beneficiary of that growth, leading to its recent sale.
Chasewood Technology Park is a four-building office campus totaling 463,969 square feet. The multi-story buildings are 92.9% leased to a diverse array of tenants in the oil and gas, consulting, technology, engineering, architecture, healthcare and food services industries.
JLL Capital Markets represented the seller, The GenCap Group, and procured the buyer, Nitya Capital, in the transaction. Additionally, JLL worked on behalf of the buyer to secure a $46 million loan through Morgan Stanley.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
