Tim Seckinger of Houston's Caldwell Watson Real Estate Group represented the building owner, Northchase Venture LP, an entity of Caldwell Watson, while the tenant bargained its own deal. Lubrizol is an international fluid technology company concentrating on high-performance chemicals, systems and services for the industry and transportation sectors. It also has manufacturing facilities in nearby Bayport and Deer Park.
Caldwell Watson acquired the 116,848-sf Northchase Plaza for $5.6 million about a year ago. The 21-year-old, four-story office building has a 78.2% occupancy rate. The building's office space leases for about $15 per sf. Northchase Plaza was acquired by Caldwell Watson in buying spree in the northwest corridor in 2000 and 2001 when it also took title to Torrey Chase Building, Northchase Office Building and JFP Energy Building. Lubrizol will join a tenant roster that includes North American Mortgage, Dynasol Inc. and Chubb Security Systems.
© 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.
