JLL closes sale and financing of BlueCross BlueShield Building in West Houston
United States, Sept. 17 -- JLL Capital Markets announced that it has arranged the sale and financing of the BlueCross BlueShield Building, a two-story, 132,599-square-foot office building in West Houston, Texas.JLL represented the seller, an affiliate of Sagard Real Estate, and procured the buyer, Fuller Realty Partners and ICP Funds. JLL also arranged a five-year acquisition loan through a regional bank on behalf of the buyers.The property was originally developed in 1999 and has been well-occupied by large corporate users over the years. BlueCross BlueShield has recently signed an 11-year lease for the entire property, demonstrating their long-term commitment to the asset. As part of their tenancy, the building will undergo a full interio...
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