HOUSTON I TEXAS
- 2425 West Loop South is a Class A Office Building in the Galleria market of Houston, TX
- Jetall acquired this property in March 2013 as part of a packaged transaction
- BlueCross BlueShield, which occupied 70% of the building, vacated the property in early 2013 providing Jetall the opportunity to move
quickly and acquire the asset at a fraction of its fully stabilized value - Property is one of two I.M. Pei designed buildings in Houston, TX and is situated at 610 and Westheimer. Closest office building to the $800 million River Oaks District development
- Jetall recently signed a ~200,000 square foot lease with a publiclytraded company, bringing occupancy to approximately 100% and
creating a stabilized value of $90 million
