BTWFG Insurance coverage will occupy two flooring of the roughly 100,000-square-foot constructing.
TWFG Insurance coverage, led by Founder & CEO Gordy Bunch, has bought Parkwood II, a 101,056-square-foot workplace constructing in The Woodlands, Texas, public information present. JLL Capital Markets brokered the transaction on behalf of Goldman Sachs Asset Administration—recognized by CommercialEdge as the vendor—and procured the customer.
The client plans to renovate the five-story constructing and transfer its headquarters to the situation. The property’s fourth and fifth flooring will function TWFG’s everlasting workplace, whereas the remaining three flooring will probably be accessible for lease, Bunch acknowledged in ready remarks. The corporate is at present primarily based at 1201 Lake Woodlands Drive, in the identical metropolis.
In-built 1994, the asset is situated at 10055 Grogans Mill Highway, lower than a mile from downtown Woodlands, adjoining to Woodlands Parkway. Positioned roughly 2 miles away from Interstate 45, Parkwood II is 32 miles north of downtown Houston. An array of retail, leisure and hospitality choices, resembling The Cynthia Woods Mitchell Pavilion, Market Avenue, The Woodlands Mall and The Woodlands Waterway, are inside strolling distance.
The JLL crew engaged on behalf of the vendor was led by Managing Director Kevin McConn, whereas Vice President Bryant Lach and Senior Vice President Jeff Horton represented the customer. In July, McConn was concerned within the sale of Oak Park Workplace Middle II, a 206,400-square-foot workplace property in Houston. Nearly half of the constructing is occupied by Males’s Wearhouse’s company headquarters.
