facebook
Traded Co logo
Submit
Daily limit: 0/10

Newmark Represents Seller In Sale Of 193854 Square Foot Office Campus In Houston

Property Image
SOLD

Texas

See Similar Deals
Office387,708 SF
Sold 07/01/2024
the dealplayerscompscontact
Property Image
SOLD

Newmark Represents Seller In Sale Of 193854 Square Foot Office Campus In Houston

11125 Equity Drive & 11025 Equity Drive

See Similar Deals
Office387,708 SF
Sold 07/01/2024
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:387,708 SF
Transaction Type:Sale

The transaction involved an office asset located at 11125 Equity Drive North and 11025 Equity Drive North in Houston, encompassing a total of 193,854 square feet on a 15-acre site. The complex represented a significant portion of a 150-acre master-planned development and was primarily occupied, being 95% leased to a diverse range of tenants in sectors including healthcare, education, energy, and homebuilding.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Undisclosed
  • Address: 11125 Equity Drive North & 11025 Equity Drive North
  • Market: Houston
  • Asset Size: 193,854 SF
  • Acres: 15
  • Broker Representatives: Chris Murphy, Gary Carr & Robert Hill - Newmark

Newmark played a pivotal role in facilitating the sale of the office campus known as One & Two Westway, which was developed by Wolff Cos. Gary Carr, Robert Hill, and Chris Murphy represented the undisclosed seller, while the details of the buyer remain unspecified.

Players

Gary Carr
31 deals$352.5M volume
BROKER

Robert Hill
Newmark
32 deals$252.5M volume
BROKER

Chris Murphy
Newmark
31 deals$218M volume
BROKER

Details

SOLD
IMAGE: Chris Murphy, Gary Carr & Robert Hill DATE: 07/01/2024 ADDRESS: 11125 Equity Drive North & 11025 Equity Drive North MARKET: Houston ASSET TYPE: Office ~ SF: 193,854 ~ ACRES: 15 BROKERS: Chris Murphy, Gary Carr & Robert Hill - Newmark (@Newmark) NOTE: Newmark facilitated the sale of One & Two Westway, a 193,854-square-foot office campus in West Houston, developed by Wolff Cos. The complex, part of a 150-acre master-planned development, was 95% leased to tenants across healthcare, education, energy, and homebuilding sectors. Gary Carr, Robert Hill, and Chris Murphy of Newmark represented the undisclosed seller in the transaction, with details of the buyer and sales price remaining undisclosed.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00