HOUSTON – (Realty News Report) – The Loop Central office complex has been acquired by Griffin Partners. The seller was TIER REIT Inc., a Dallas-based real estate firm.
The three-building office complex is located on the east side of Loop 610, just south of Westpark, near the city of Bellaire.
The 575,000-SF project is about 84 percent leased. The REIT acquired the office complex in 2007.
The Loop Central One building was completed in 1980, Loop Central Two in 1981 and Loop Central Three was finished in 1982. HFF handled the sale.
Houston-based Griffin Partners was founded in 1980 by Fred Griffin, a former executive with Friendswood Development, a unit of Exxon. It was originally known as Griffin-Juban Companies, which also bore the name of partner Conley Juban.