CBRE Brings Chase Contact Center to Market

HOUSTON-CBRE has been selected as the exclusive marketing advisor for the JPMorgan Chase Contact Center in west Houston's premier Memorial Corridor. This 235,201-square-foot property includes a one-story customer service center and a two-story administrative wing.

The JPMorgan Chase Contact Center is 100% triple-net leased to JPMorgan Chase, NA through August 2027 with the tenant responsible for all expenses, including any capital items. Consistently and institutionally maintained, the mission-critical facility features raised flooring throughout, fiber connectivity, non-interruptible power supplies, constant air conditioning, large and open floor plates, and high ceilings. The property also includes a daycare facility, cafeteria and patio lounge. It also offers an above-market parking ratio of 4.7/1,000.

With a 10-year, average occupancy rate of 91.4%, Memorial Corridor is one of Houston's top performing office submarkets where demand far exceeds supply. Furthermore, as Memorial land values range from $40 to $50+ per square foot and are projected to increase, the property also presents a longer-term, future redevelopment opportunity.

Highly visible along Interstate 10, the JPMorgan Chase Contact Center sits on 17.8 acres. This mixed-use area of west Houston has a significant concentration of high-end developments and amenities, including the Memorial Hermann Healthcare Complex, the Memorial City Mall, the Village Plaza at Bunker Hill, and CityCentre.

Jared Chua and Bernard Branca will represent the owner.

CBRE Group, Inc., headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2012 revenue).  The company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide.