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Thursday, November 20, 2008 Office
A joint venture between Newport Beach, Calif.-based Chase Merritt and Pacific Coast Capital Partners has purchased West Loop I and II, two office properties in Houston's Bellaire submarket, from Houston-based Lionstone Group. Robert Williamson of Holliday Fenoglio Fowler represented Lionstone in the transaction. West Loop I, an eight-story structure, and the seven-story West Loop II contain a total of 313,873 square feet. They are currently 87 percent leased to medical and professional service companies. Built in the early 1980s on 5.6 acres, the buildings are located at 610 West Loop. Chase Merritt has acquired more than 2.4 million square feet of office space in Texas in the last 16 months. The company plans to add another two million square feet in 2008, according to Chad Horning, president and CEO of Chase Merritt. Williamson, a managing director in HFF's Houston office, specializes in office, retail and portfolio sales. He is a former managing director with Granite Partners and a former vice president with Prudential Realty Group. He is a graduate of the University of Texas and Texas Tech University. Address: 610 West Loop, Houston, Texas Size: 313,873 square feet Built: Early 1980s Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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