Newmark Facilitates Sale of 193,854-Square-Foot Office Campus in West Houston

June 25, 2024 9:00 AM

Newmark announces the sale of One & Two Westway, a 15-acre campus with 193,854 square feet of office space along the Sam Houston Tollway in West Houston.

Newmark Vice Chairmen Gary Carr, Robert Hill and Chris Murphy represented the seller, an undisclosed investor.

Located at the intersection of the Sam Houston Tollway and Clay Road, between Interstate I-10 and U.S. 290, the buildings offer exceptional Beltway visibility and access to Houston’s most affluent neighborhoods and major employment hubs. The portfolio is 95% leased to four major tenants in healthcare, education, energy and homebuilding.

“Our team is proud to have advised our client through the disposition of the portfolio in a challenging capital markets environment,” said Carr.

The campus is ideally located in Westway Park, a master-planned 150-acre office park developed by Wolff Companies, with convenient access to 3.5 million residents within a 30-minute drive.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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