Mary Descant of Houston-based Caldwell Watson Real Estate Group represented the building owner, Cornerstone Northchase Venture LP at the bargaining table. Ron Robertson of S.E. Covington handled talks for the tenant.
A Caldwell Watson entity acquired the building in July 2001 as part of a seven-building acquisition from Dallas-based Archon Financial. One Northchase Park is a five-story, 85,213-sf suburban office building in the FM 1960-Champions submarket. Constructed in 1981, the 87%-occupied structure carries an advertised leasing rate of $16 per sf. In July 2001, the Harris County Tax Assessor pegged the value of the building and 3 1/2 acres at nearly $3.5 million.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
