{"id":1004771632,"date":"2025-09-17T03:23:58","date_gmt":"2025-09-17T11:23:58","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004771632"},"modified":"2025-09-17T04:34:50","modified_gmt":"2025-09-17T12:34:50","slug":"sagard-sells-west-houston-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/sagard-sells-west-houston-office-building\/","title":{"rendered":"West Houston Office Building Trades"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004771635\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/sagard-sells-west-houston-office-building\/8101-w-sam-houston-pkwy\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"8101 W Sam Houston Pkwy\" data-image-description=\"&lt;p&gt;image sent by Kristen Murphy JLL, September 2025. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Blue Cross Blue Shield signed an 11.5-year lease at the location and will see that the office building undergoes an interior renovation. Image courtesy of Jud Haggard Photography&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png?w=800\" alt=\"Aerial photo of the 8101 W Sam Houston Parkway South, an office building in Houston.\" class=\"wp-image-1004771635\" style=\"width:388px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/09\/8101-W-Sam-Houston-Pkwy.png?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Blue Cross Blue Shield signed an 11.5-year lease at the location and will see that the office building undergoes an interior renovation. <em>Image courtesy of Jud Haggard Photography<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Sagard Real Estate has sold the BlueCross BlueShield Building in West Houston, Texas, for an undisclosed amount. Fuller Realty Partners and ICP Funds acquired the property.<\/p>\n\n\n\n<p>JLL Capital Markets represented Sagard and facilitated a five-year acquisition loan with a regional bank for the new owners. <\/p>\n\n\n\n<p>Sagard Real Estate purchased the property in 2003 from TA Realty for $17.1 million, Yardi Research Data shows. The office building was developed on a 10-acre lot at 8101 W. Sam Houston Parkway S. and spans 132,599 square feet. <\/p>\n\n\n\n<p>The presence of a long-term tenant was a key factor in the decision to invest in the office building, JLL\u2019s Kevin McConn noted regarding the sale.<\/p>\n\n\n\n<p>In May 2024, Blue Cross Blue Shield signed an 11.5-year, full-building lease at the location. This marked the company\u2019s 17th facility within the state. Under the lease agreement, the office building was expected to undergo a full renovation. This includes interior upgrades and amenity improvements such as the addition of an on-site caf\u00e9, employee training center and a multi-purpose room. A local Houston-based company was selected to handle the renovation project. <\/p>\n\n\n\n<p>The property also offers the highest parking ratio in the area for buildings over 15,000 square feet, with 819 of covered and surface parking spaces available.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/office-users-top-priority-today\/\">Office Users\u2019 Top Priority Today<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>JLL Capital Markets\u2019 Investment Sales and Advisory team led by Managing Director Kevin McConn and Senior Director Rick Goings represented the seller. The firm&#8217;s Debt Advisory team led by Senior Managing Director Wally Reid and Managing Director Cameron Cureton worked on behalf of the borrower to secure financing for the purchase.<\/p>\n\n\n\n<p>The office building is located along Beltway 8, between the Westwood and Sharpstown neighborhoods. The Hong Kong City Mall is within less than 3 miles from the property. The building also offers access to other major road networks, that connect the asset to other Houston neighborhoods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-houston-s-office-transaction-activity\">Houston&#8217;s office transaction activity<\/h2>\n\n\n\n<p>Office investment sales in the Houston market in the first seven months of the year totaled $774 million, according to Yardi Research Data. In late August, Capital Commercial Investments <a href=\"https:\/\/www.commercialsearch.com\/news\/invesco-sells-240-ksf-west-houston-asset\/\">purchased Energy Crossing I<\/a> at 15021 Katy Freeway in the Energy Corridor. The property encompasses 240,166 square feet and was built in 2010.<\/p>\n\n\n\n<p>Last week, <a href=\"https:\/\/www.commercialsearch.com\/news\/us-property-management-buys-vacant-office-building-in-houston\/\">US Property Management bought<\/a> a vacant nine-story, 225,000-square-foot office building in Westaway Park, a 150-acre master-planned business park at 4646 W. San Houston North. Long-term tenant Cameron and Schlumberger vacated the building last November and the property hasn\u2019t been leased since.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property is fully leased to Blue Cross Blue Shield. <\/p>\n","protected":false},"author":3749,"featured_media":1004771635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21783,21742,21747,51973],"tags":[38154,32796,44006,52610],"class_list":["post-1004771632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-investment","category-latest","category-office","category-southwest","tag-blue-cross-blue-shield-association","tag-jll","tag-jll-capital-markets","tag-sagard-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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