{"id":1004121229,"date":"2015-06-15T19:12:02","date_gmt":"2015-06-16T03:12:02","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=352957"},"modified":"2022-12-08T22:52:22","modified_gmt":"2022-12-09T06:52:22","slug":"foreign-investment-undeterred-in-houston","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/foreign-investment-undeterred-in-houston\/","title":{"rendered":"Foreign Investment Undeterred in Houston"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p>Foreign investors seem undeterred by the oil slump in Houston, seeing as Vancouver, BC-based Nicola Crosby Real Estate recently acquired Mason Creek I, a two-story, fully leased, 135,716-square-foot office building in Katy, Texas.<\/p>\n<p>The office asset was acquired from a Boston-based institutional real estate advisor for an undisclosed amount. HFF marketed the asset on behalf of the seller and also secured a five-year, fixed-rate acquisition loan for the Canadian firm.<\/p>\n<div id=\"attachment_352970\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Development-Map-of-the-Mason-Creek-Corporate-Business-Park.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-352970\" title=\"Development Map of the Mason Creek Corporate Business Park\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/06\/Development-Map-of-the-Mason-Creek-Corporate-Business-Park.jpg\" alt=\"Development Map of the Mason Creek Corporate Business Park\" width=\"300\" height=\"246\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Development Map of the Mason Creek Corporate Business Park<\/p>\n<\/div>\n<p>Mason Creek I is located at 21420 Merchants Way within Mason Creek Corporate, a 110-acre, master-planned business park. The building was developed by Myers Crow &amp; Saviers Ltd. in 2013 and serves as GEICO\u2019s new regional claims processing center.<\/p>\n<p>Mason Creek I was the first office building within the business park, and it seems that Myers Crow &amp; Saviers will be the one to bring Mason Creek Corporate to build out, as the park has been slowly running out of space. The firm recently completed\u00a0Mason Creek II, a three-story, 127,000-square-foot office building, and announced plans for a third office project.<\/p>\n<p><em>Image courtesy of Parkside Capital<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign investors seem undeterred by the oil slump in Houston seeing as Vancouver, BC-based Nicola Crosby Real Estate recently acquired Mason Creek I, a two-story, fully leased, 135,716-square-foot office building in Katy, Texas.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004121229","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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