$77.5 Million Non-Performing Office Loan
US - Washington, DC
$77,500,000 | 306,859 sf
JLL Capital Markets, on behalf of Ownership, is pleased to present the opportunity to acquire a 100% fee simple interest in Westgate III (“the Property”), a 226,287 square foot office building located in the heart of the Energy Corridor submarket of West Houston. Westgate III is located within the Park Ten office park, a 550-acre master-planned, mixed-use development that comprises a major portion of the Energy Corridor. The Property is currently 100% leased on a triple net basis to Wood Group USA, Inc. (the “Tenant” or "Wood Group”) as its
global headquarters, and guaranteed by John Wood Group, PLC (the “Parent” or “WG”), one of the largest international
engineering firms serving companies throughout the energy industry worldwide.