JLL Capital Markets handles sales for Atrium Crest, a 107,529 SF office building in Clear Lake, TX

 

Atrium Crest, a six-story, 107,529-square-foot
office building in Clear Lake, TX. 

 HOUSTON, TX –  JLL Capital Markets has closed the sale of Atrium Crest, a six-story, 107,529-square-foot office building in Clear Lake, Texas. The price was not disclosed.

 

JLL represented the seller, Fullerton Properties, and procured the buyer, who was represented by Patrick Hill of Colliers.

 

Atrium Crest is located at 18333 Egret Bay Blvd. in Clear Lake, a community in southeast Houston that is home to NASA’s Johnson Space Center, driving both aerospace employment and tourism.

 

 In addition to NASA, southeast Houston has a diverse economic base comprising companies in medical, technology, logistics, tourism and the booming petrochemical industry.

 Marty Hogan

The 4.23-acre site is convenient to Interstate 45, providing access north to Houston and south to Galveston Island. Additionally, the Port of Houston is just a short drive from the property, which is the busiest container port on the Gulf Coast.

 

Renovated in 2004, Atrium Crest has a flexible layout that can accommodate a wide variety of users and space requirements. The property is currently 79% leased to a variety of tenants.

 

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Marty Hogan.

 

“Atrium Crest offered a significant value-add opportunity through the lease-up of vacant space while acquiring the asset at an extremely competitive basis,” said Hogan.

 

For more news, videos and research resources, please visit JLL’s newsroom.

 

CONTACT:

 

Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873