The Class A office property totals 194,919 SF and is positioned in the heart of West Houston
News release
09 June 2025
JLL closes sale and financing of Reserve at Westchase
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HOUSTON, Jun. 9, 2025 – JLL Capital Markets announced today it has arranged the sale and financing of Reserve at Westchase, a 194,919-square-foot, Class A office property in West Houston, Texas.
JLL represented the seller, Transwestern Investment Group, in the sale of the property to DML Capital, LLC. Additionally, JLL worked on behalf of DML to secure insurance company financing for the acquisition.
Reserve at Westchase is located at 3250 Briarpark Dr. close to Beltway 8 and Westpark Tollway in Houston’s Westchase submarket. This area of the city is largely considered to be the new population center as West Houston has grown more than 155% over the past 30 years, compared to 86% growth in the Houston metro. As a result, numerous corporations have relocated their headquarters here given the proximity to major thoroughfares and in-demand residential neighborhoods, including The Villages, Spring Branch, Briar Forest and River Oaks.
Originally built in 1999, the four-story Reserve at Westchase building has undergone significant renovations over the past five years. The property offers a recently built first-floor tenant lounge and conference center and a parking garage with 804 spaces. Reserve at Westchase is 76% leased to anchor tenants Mattress Firm, Yang Ming and Taylor Morrison.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Kevin McConn.
JLL’s Debt Advisory team included Managing Director Michael Johnson and Director Michael King.
“Reserve at Westchase embodies the ‘flight-to-quality’ trend that is popular among occupiers as well as investors,” said McConn. “West Houston has had the strongest leasing of all of the city’s submarkets and of those office leases signed, 43% of those were at re-imagined, recently renovated buildings like Reserve at Westchase.”
"In today's dynamic market, JLL's success in sourcing insurance company financing for this office acquisition provided the borrower with unparalleled certainty of execution and a cost of capital that significantly enhances investor returns,” added Johnson.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Transwestern Investment Group
Transwestern Investment Group (TIG) is an independent real estate investment management firm that serves a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Through the firm’s “Investors First” approach, TIG works with each investor to develop a specialized investment plan that aligns their objectives with the appropriate strategy and investment vehicle which span across the investment risk spectrum from core to value-add strategies.
About DML Capital, LLC
DML Capital is a prominent private equity firm headquartered in Sugar Land, Texas, founded in 2012. The firm specializes in the development of retail centers and the strategic acquisition of value-added retail and office properties, currently managing over 2 million square feet of space with assets under management exceeding $500 million.
DML Capital’s investment philosophy emphasizes the identification and acquisition of assets that present significant opportunities for value enhancement and turnaround. The firm employs a disciplined approach to structuring initial valuations of acquired properties, ensuring they deliver stable, long-term returns while effectively navigating market fluctuations.
With a strong commitment to aligning interests with equity investors, DML Capital consistently achieves reliable returns across diverse market conditions. For more information or inquiries, please visit their website at dml.capital.com.