JLL Capital Markets experts today announced the firm completed the sale of 6001 Rogerdale Road, a vacant office building, in west Houston. St. Louis, Missouri-based Emerson purchased the building from Fort Worth, Texas-based 111 Realty OPO, LLC.
Rudy Hubbard, Kevin McConn and Rick Goings led the JLL team on the sale. Curt Stanton of Axiom represented Emerson in the transaction.
Built in 2008, 6001 Rogerdale Road is a two-story, 151,000-square-foot office building in Houston’s Westchase office submarket. The building has served as a single-tenant corporate campus since it was completed.
“This offering presented the perfect opportunity for the buyer to gain control of the property next door and accommodate growth in their business,” said Hubbard.
Features of the building include a café and break rooms for tenant use, ample parking, and convenient access to Beltway 8 and Westpark Tollway.
According to JLL research, the Westchase office submarket was heavily impacted by the downturn in the oil and gas industry. The submarket has recorded 552,278 square feet of negative net absorption so far this year and has a total vacancy rate of 28.3 percent.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitjll.com
