Venture Tech VIII in The Woodlands trades to new owner

• JLL Capital Markets arranged the sale of Venture Tech VIII, a 70,212-square-foot single-story office building located in The Woodlands, Texas
• Capital Legacy Partners acquired the property from Rycore Capital
• The 1998-vintage building is 87.3% leased and strategically located within the Venture Tech Business Park with immediate access to I-45

HOUSTON, Sept. 9, 2026 – JLL Capital Markets announced today that it has arranged the sale of Venture Tech VIII, a single-story, 70,212-square-foot office building in The Woodlands, Texas.

JLL represented the seller, an affiliate of Rycore Capital, and procured the buyer, Capital Legacy Partners, who was represented by Brent Everson.

Built in 1998, Venture Tech VIII is 87.3% leased with a weighted average lease term of 3.9 years. The property features 262 total parking spaces and direct walk-up access to office suites.

Venture Tech VIII benefits from its prime location at 8708 Technology Forest Place within the Venture Tech Business Park, just minutes from I-45, offering immediate access to one of Houston's major thoroughfares and a robust employee base. The property sits on an 8.2-acre site just northwest of The Woodlands Town Center, providing superior access from Research Forest Drive and only six minutes from I-45.

The Woodlands is a 28,500-acre master-planned community with an impeccable reputation for a high quality of life, located 27 miles north of Houston and just 20 minutes from George Bush Intercontinental Airport. The area boasts a business-friendly environment with significant tax incentives, best-in-class master-planned residential communities, top-tier Class A multifamily communities and luxury retail offerings.

Despite significant headwinds faced throughout the office leasing market, The Woodlands has consistently proved resilient during times of softer fundamentals. With the lowest vacancy rate in the greater Houston area at 13.8% and a lack of significant competitive supply, The Woodlands continues to enjoy strong leasing velocity as companies focus their real estate strategies on locations near their employment base. The submarket's 14.9 million square feet of inventory includes no new construction currently underway.

The JLL Capital Markets Investment Sales and Advisory team representing the seller included Managing Directors Marty Hogan and Kevin McConn.

"Venture Tech VIII represents a compelling value-add opportunity within Houston's premier suburban office submarket," said Hogan. "The property's single-story design, strong location and attractive basis below replacement cost position the new owner to successfully execute a lease-up strategy and capture meaningful upside."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Rycore Capital LP (the “Firm”) is a Houston-based real estate investment manager with approximately $450 million AUM, focused on acquiring, leasing and managing income producing properties that deliver superior real estate solutions to our tenants while providing our investment partners with some of the most consistent value-add, core-plus and core returns.  The Firm offers two investment platforms to investors: Fund Management and Direct Investment Advisory. The Firm aims to provide a solution with its institutional quality real estate investment management process to high net worth, family office and institutional investors. For more information regarding Rycore, visit the Company’s website at www.rycorecapital.com.

Capital Legacy Partners is a privately held commercial real estate investment firm focused on acquiring and operating high-quality assets with strong fundamentals and compelling value-add potential. The firm targets opportunities across office and multifamily, combining disciplined underwriting, thoughtful capital structuring and active asset management to enhance performance throughout the investment lifecycle. Capital Legacy Partners invests with a long-term perspective and a strong emphasis on alignment, execution and creating sustainable value for its investors and partners.