Two Woodlands Office Buildings Trade to Private Asset Management Firm
Properties total 153,294 square feet situated on 9.85 acres
A private asset management firm has bought 10200 Grogans Mill Rd. and 1610 Woodstead Ct., two office properties totaling 153,294 square feet in The Woodlands, TX.
The two-property portfolio is positioned within The Woodlands, a master planned community located 27 miles north of Houston. The area is home to seven Fortune 500 corporate headquarters, is home to more than 11 million square feet of retail, and 220 miles of connected hike and bike trails.
10200 Grogans Mill Rd. and 1610 Woodstead Ct. sit on a total of 9.85 acres and are 66.7% leased overall. The tenancy is comprised of a mix of industries, including finance, technology, legal services, oil and gas, consulting and logistics.
JLL represented the seller, and procured the buyer, a privately held asset management firm. The Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Director Rick Goings and Managing Directors Marty Hogan and Kevin McConn.