{"id":8051,"date":"2022-07-27T21:33:23","date_gmt":"2022-07-27T21:33:23","guid":{"rendered":"https:\/\/www.lee-associates.com\/houston\/?p=8051"},"modified":"2022-07-27T21:34:40","modified_gmt":"2022-07-27T21:34:40","slug":"news-10497-town-and-country-way-acquisition","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/houston\/2022\/07\/27\/news-10497-town-and-country-way-acquisition\/","title":{"rendered":"35 South Capital and Lee &amp; Associates &#8211; Houston Announce Joint Venture on Houston&#8217;s Booming West Side"},"content":{"rendered":"<div id=\"pl-8051\"  class=\"panel-layout\" ><div id=\"pg-8051-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-8051-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-8051-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-8054 size-medium\" src=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-512x341.jpg\" alt=\"10497 Town and Country Way, Houston, TX 77024\" width=\"512\" height=\"341\" srcset=\"https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-512x341.jpg 512w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-1280x853.jpg 1280w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-768x512.jpg 768w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-1536x1024.jpg 1536w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-2048x1365.jpg 2048w, https:\/\/www.lee-associates.com\/houston\/wp-content\/uploads\/sites\/80\/2022\/07\/DJI_0709-272x182.jpg 272w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>July 27, 2022 (HOUSTON)<\/strong> \u2013\u00a0<a href=\"https:\/\/www.35southcapital.com\">35 South Capital<\/a> and <a href=\"http:\/\/www.lee-associates.com\/houston\">Lee &amp; Associates \u2013 Houston<\/a> have announced the acquisition of 10497 Town and Country Way, a 150,000-square-foot Class A office building on Houston\u2019s west side less than a quarter mile from the bustling Memorial City and CityCentre mixed-use districts. The property will house both companies, with Lee &amp; Associates \u2013 Houston overseeing the leasing and property management.<\/p>\n<p>Both 35 South Capital and Lee &amp; Associates \u2013 Houston have been actively pursuing strategic real estate opportunities throughout Texas and the Greater Houston area. 10497 Town and Country Way was specifically identified as a high value target given its attractive location, historical occupancy and the $4.5 million interior and exterior renovations that were recently completed.<\/p>\n<p>\u201cThe ability to acquire this asset with a proven partner that will owner-occupy, lease and manage made the procurement of the building that much more attractive to pursue,\u201d said 35 South Capital CEO John Morton. \u201cWe are excited to enter into this venture together and look forward to jointly optimizing this investment moving forward.\u201d<\/p>\n<p>\u201cOur company has been fortunate to have our Houston headquarters located in such a great area for some time, and we have been seeking an asset to purchase in order to continue our growth in what is now the center of Houston,\u201d said Chris Lewis, managing partner of Lee &amp; Associates \u2013 Houston. \u201cWe are thrilled to have the 35 South Capital team partner with us in this endeavor.\u201d<\/p>\n<p>The seller, an affiliate of Equus Capital Partners, Ltd. (\u201cEquus\u201d), one of the nation\u2019s leading real estate investment managers, was represented by the Houston JLL Capital Markets team led by Managing Director Kevin McConn and Senior Director Rick Goings. JLL\u2019s Debt Advisory team representing the buyer\/borrower was led by Senior Managing Director Kelly Layne and Senior Director John Ream, who arranged the acquisition loan through Independent Bank on behalf of the 35 South \/ L&amp;A joint purchasing venture.<\/p>\n<p style=\"text-align: center\">###<\/p>\n<p>&nbsp;<\/p>\n<p><strong>ABOUT 35 SOUTH CAPITAL<\/strong><\/p>\n<p>35 South Capital is a real estate investment company founded by four accomplished industry veterans in 2021. Its mission is to provide \u201cbest in class\u201d real estate investment opportunities to investors by leveraging its strong Texas-based relationships and designing creative solutions for complex transitions that maximize the potential for each asset. The team's experience is critical in achieving optimal outcomes through an active approach to deal execution and asset management, focused on investing in the four major markets of Texas: Houston, Dallas, Austin, and San Antonio. For more information, please visit <a href=\"http:\/\/www.35southcapital.com\">www.35southcapital.com<\/a>.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>ABOUT LEE &amp; ASSOCIATES - HOUSTON<\/strong><\/p>\n<p>Lee &amp; Associates \u2013 Houston is a fully-integrated commercial real estate company with unrivaled market knowledge and an unwavering commitment to integrity and excellence. Our business-minded brokers specialize in office, industrial and land real estate investments. Lee &amp; Associates \u2013 Houston is part of a nation-wide network of brokers in more than 65 offices in North America. The brokerage is uniquely qualified to support our clients\u2019 real estate needs in Houston, across Texas and throughout the US. For more information, visit\u202f<a href=\"http:\/\/www.lee-associates.com\/houston\/\">lee-associates.com\/houston<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>ABOUT JLL<\/strong><\/p>\n<p>JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit <a href=\"http:\/\/www.jll.com\">jll.com<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>&nbsp; July 27, 2022 (HOUSTON) \u2013\u00a035 South Capital and Lee &amp; Associates \u2013 Houston have announced the acquisition of 10497 Town and Country Way, a 150,000-square-foot Class A office building on Houston\u2019s west side less than a quarter mile from the bustling Memorial City and CityCentre mixed-use districts. The property will house both companies, with Lee &amp; Associates \u2013 Houston overseeing the leasing and property management. Both 35 South Capital and Lee &amp; Associates \u2013&#8230;<\/p>\n","protected":false},"author":38,"featured_media":8055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-8051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>35 South Capital and Lee &amp; Associates - Houston Announce Joint Venture on Houston&#039;s Booming West Side - Lee &amp; Associates | Houston<\/title>\n<meta name=\"description\" content=\"\u2014 35 South Capital and Lee &amp; Associates \u2013 Houston have announced the acquisition of 10497 Town and Country Way.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/houston\/2022\/07\/27\/news-10497-town-and-country-way-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"35 South Capital and Lee &amp; 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