JLL Completes Sale of Westchase Place

9/9/19

JLL’s Capital Markets experts announced today the firm has completed the sale of Westchase Place, a Class A six-story office building located at 11200 Richmond Avenue, in the heart of Houston’s Westchase District.

JLL’s Rudy Hubbard, Kevin McConn, and Rick Goings represented the seller, CAPSTAR Real Estate Advisors. Fuller Westchase Place, Ltd. an entity affiliated with locally based Fuller Realty Partners purchased the property for an undisclosed price.

The building features a brick and glass façade with more than 150,000 square feet of space and a three-level parking garage. Both the building and parking garage were completed in 1999 and underwent extensive renovations in 2009 and 2013.

The buyer intends to aggressively improve the condition of the current vacancies to expedite leasing efforts. Fuller Realty Partners, LLC will manage and lease the property on behalf of the buyer.

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 investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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 annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com