Featured Recent Transaction:
Marsh & McLennan Companies
Lessee: Marsh & McLennan Companies, Inc.
Date: July 2014
Location: Westlake, Texas
Square Footage: 13,000 SF
Lease Term: Approximately 10 years
Closing Timing: Less than 30 days from execution of the letter of intent
With a closing timeframe of less than 30 days, CRIC2 Funds acquired this mission critical facility net leased to Marsh & McLennan Companies for 10 years from a third party seller. The 13,000 square foot property, built in 2006, is both a primary and redundancy power center providing daily and emergency power to the data center in the adjoining Westlake Campus building (also leased conterminously by Marsh & McLennan Companies).