Nicola Crosby, a subsidiary of Nicola Wealth Management, is pleased to announce the acquisition of Mason Creek Office Center 1, a Class A office building situated in the Katy Freeway West submarket in Houston. This is the first commercial acquisition for Nicola Crosby in Houston. Mason Creek Office Center 1 was constructed in 2013 and consists of a two-storey, certified LEED Silver Core and Shell office building comprising 135,716 rentable square feet on a 10.8-acre site that includes a generous parking ratio. The property is 100% leased by Government Employees Insurance Company (GEICO), the second largest private passenger automobile insurance company in the US and a wholly-owned subsidiary of Berkshire Hathaway. This asset features a long-term lease with contractual annual rental increases.
Special Thanks To:
Broker – Robert Williamson, Dan Miller, Jeff Hollinden, & Rusty Tamlyn (HFF Houston)
Financing – Cortney Cole (HFF Houston)