The GenCap Group has sold Chasewood Technology Park, a four-building office campus totaling 463,969 square feet in northwest Houston.
Nitya Capital was the buyer. JLL Capital Markets worked on behalf of the buyer to secure a $46 million loan through Morgan Stanley. Other financial terms were not disclosed.
“This type of strong demand has been typical during our holding period,” said Paul Vangrieken, executive vice president with the GenCap Group. “Despite the many challenges, these assets have continuously outperformed the market thanks to a strong ownership sponsor and the dedication of the Transwestern leasing and management team.”
Chasewood Technology Park consists of One, Two, Three and Four Chasewood, which are located at 20333, 20405, 20445 and 20329 State Highway 249, respectively. The 10.44-acre site is strategically positioned in one of Houston’s fastest-growing submarkets near the intersection of State Highway 249 and Louetta Road, equidista
