Woodforest National Bank Provides Loan For Property At 3100 Hayes Rd Houston With Borrower's Reps Michael Johnson And John Ream

The transaction involved the financing and sale of Westchase Commons, a three-building office/flex industrial complex located at 3100 Hayes Rd, Houston, TX, 77082. The total square footage of the complex is 149,893 square feet, and it is currently 77.2% leased to an investment-grade tenant roster. The property was completed in 2001 and features a flexible building design with grade-level, semi-dock, and dock-high loading areas, along with open floorplan layouts and an above-average parking ratio. The lender for the acquisition loan was Woodforest National Bank.

Summary of transaction details:

• Property Type: Office/Flex Industrial
• Transaction Amount: Not specified
• Address: 3100 Hayes Rd, Houston, TX, 77082
• Market: Houston
• Borrower’s Representative: Michael Johnson and John Ream from JLL
• Lender: Woodforest National Bank
• Seller Representative: Kevin McConn and Trent Agnew from JLL
• Buyer: Mission Companies

The JLL Capital Markets team played a crucial role in the transaction, with the financing efforts led by senior directors John Ream and Michael Johnson. The seller was represented by senior director Kevin McConn and managing director Trent Agnew, highlighting the collaborative effort behind securing substantial investor interest in the asset despite challenging market conditions.