Sagard Realty sold the BlueCross BlueShield building, a two-story, 132,599-square-foot office building in West Houston, Texas. Fuller Realty Partners and ICP Funds were the buyers.
The property was originally developed in 1999 and has been occupied by large corporate users over the years. BlueCross BlueShield has recently signed an 11-year lease for the entire property. As part of their tenancy, the building will undergo a full interior renovation and expand the amenities on-site. The asset offers parking for 819 vehicles in a mix of surface and covered spaces, the highest parking ratio within West Houston of properties 15,000 square feet or greater.Â
Kevin McConn and Rick Goings led JLL Capital Markets’ Investment Sales and Advisory team, representing the seller.Â
Wally Reid and Cameron Cureton led JLL’s Debt Advisory team, which worked on behalf of the borrower.
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