CAMCO Investment Group Acquires 5300 Memorial Drive Office From Equus Capital Partners For $60M

The office property at 5300 Memorial Drive spans 153,671 square feet and is located in the Houston market. It consists of 11 stories and was 90.1% leased at the time of closing to various tenants, including Moleculin Biotech. The asset was sold by Equus Capital Partners to CAMCO Investment Group.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 5300 Memorial Drive
• Market: Houston
• Square Footage: 153,671
• Buyer: Kyle Campbell - CAMCO Investment Group
• Seller: Stephen M. Spaeder - Equus Capital Partners
• Brokers: Marty Hogan & Kevin McConn - JLL
• Lender: Cornerstone Capital Bank
• Mortgage Broker: John Ream - JLL

This transaction involved multiple key players, with CAMCO Investment Group represented by Kyle Campbell and Equus Capital Partners represented by Stephen M. Spaeder. The financing for the acquisition was provided by Cornerstone Capital Bank, while brokerage and debt placement services were led by JLL, represented by Marty Hogan, Kevin McConn, and John Ream.