Rycore Capital traded Venture Tech VIII, a 70,000-square-foot office building in The Woodlands, Texas. Capital Legacy Partners was the buyer.

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.

The Woodlands has the lowest vacancy rate in the greater Houston area at 13.8%. 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 Marty Hogan and Kevin McConn. Capital Legacy Partners was represented by Brent Everson. 

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