Kashi Atrium Acquires Six-Story Office Building From Fullerton Properties In Webster For Significant Value-Add Opportunities

The property asset involved in the transaction is an office building located at 18333 Egret Bay Boulevard in Webster, Texas. It encompasses 107,529 square feet and is situated on a 4.23-acre lot. The asset was recently renovated in 2004 and is currently 79% leased, providing a flexible layout and significant value-add opportunities through leasing vacant space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 18333 Egret Bay Boulevard
• Market: Webster
• Square Footage: 107,529
• Acres: 4.23
• Buyer: Kashi Atrium
• Seller: Fullerton Properties
• Buyer’s Representative: Patrick Hill - Colliers
• Seller’s Representative: Martin Hogan - JLL

The transaction involved local investor Kashi Atrium LLC acquiring the Atrium Crest office building, with JLL acting as the representative for seller Fullerton Properties. This acquisition allows for potential development as the building offers significant value-add opportunities.