DML Capital Acquires 194919 SF Office Building At 3250 Briarpark Drive From Transwestern Development

The property asset involved in this transaction is an office building located at 3250 Briarpark Drive in Houston, featuring a total square footage of 194,919. The sale was completed in an active real estate market, allowing the asset to transition from the seller to the buyer effectively.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: Saleem Lakhani, Anil Mohammed & Sajjid Dawood - DML Capital
• Seller: Larry Heard - Transwestern Development Co.
• Broker: Kevin McConn - JLL
• Mortgage Brokers: Michael Johnson & Michael King - JLL

This deal highlights the involvement of DML Capital as the buyer, represented by Saleem Lakhani, Anil Mohammed, and Sajjid Dawood. The seller, Larry Heard, of Transwestern Development Co., successfully completed this transaction with the assistance of Kevin McConn from JLL, who also facilitated acquisition financing sourced from an insurance company lender for DML Capital.

NOTE: JLL arranged the sale of the 194,919 SF Reserve at Westchase office building in Houston from Transwestern Investment Group to DML Capital. JLL also secured acquisition financing for DML from an insurance company lender.