Woodside Acquires Houston Office Building
Renovated in 2021, the property is situated in the Energy Corridor.
Woodside, a Fort Worth, Texas-based real estate fund manager, has acquired Houston property 12012 Wickchester from CapRidge Partners.
The 109,473-square-foot Class B office building is situated on 3.7 acres in the city’s Energy Corridor, between Kirkwood Road and N. Eldridge Parkway off of I-10 in West Houston, directly north of the Katy Freeway. Located next to the Shell Campus, the six-story office building is also close to Highway 6 and Beltway 8.
Renovated in 2021, the property, which includes an on-site deli and parking garage, is 61 percent leased.
A JLL Capital Markets team led by Managing Directors Marty Hogan and Kevin McConn advised CapRidge on the deal.
Woodside, a firm focused primarily on the acquisition of small balance commercial real estate and non-performing real estate loans, owns properties in over a dozen U.S. states.
CapRidge’s other Houston investments include a three-property, 544,291-square-foot office portfolio acquired from a joint venture led by Unilev Capital in 2019. That portfolio consisted of 1616 S. Voss St. and 7500 San Felipe St., known as Memorial Tower One and Memorial Tower Two, respectively, as well as 6363 Woodway Drive, known as Woodway Tower.
Austin, Texas-based CapRidge also owns Briar Forest Crossing, another office building located in West Houston at 1300 W. Sam Houston Parkway S.
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