DML Capital has acquired Reserve at Westchase, a 194,919-square-foot, class A office property in West Houston, Texas.
JLL represented the seller, Transwestern Investment Group, in the sale. Additionally, JLL worked on behalf of DML to secure insurance company financing for the acquisition.
Reserve at Westchase is located at 3250 Briarpark Dr., close to Beltway 8 and Westpark Tollway in Houston’s Westchase submarket.
Initially built in 1999, the four-story Reserve at Westchase building has undergone significant renovations over the past five years. The property offers a recently built first-floor tenant lounge and conference center and a parking garage with 804 spaces. Reserve at Westchase is 76 percent leased to anchor tenants Mattress Firm, Yang Ming and Taylor Morrison.
