Friday , 31 March 2017
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Granite Sells Westchase Buildings for $154.7 Million

HOUSTON – Franklin Street Properties  purchased two buildings in the Westchase submarket of west Houston for a purchase price of $154,750,000. The office property is located at 10370 and 10350 Richmond Avenue and consists of two, 14-story, multi-tenant office buildings containing an aggregate of 629,022 sf and a parking garage located on 6.5 acres of land. Completed in 1983 and 2008, respectively, the buildings are approximately 95% leased.

The seller was Granite Properties, which is constructing another nearby office building, the 300,000-square-foot  Briarpark Green in Westchase.

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