Parkway Property Investments And Midway Acquire Houston Office Campuses For $350M

Parkway Property Investments, in a joint venture with Midway, has acquired two Houston office campuses in a deal valued at nearly $350 million. The properties, known as Post Oak Central and CityWestPlace, have a combined total of over 3 million square feet. Post Oak Central is a mixed-use asset located at 1990 Post Oak Boulevard, while CityWestPlace is an office property situated at 2103 CityWest Boulevard. The acquisition spans approximately 56 acres in the Houston market.

Summary of transaction details:

• Property Type: Mixed-use & Office
• Transaction Amount: $350 million
• Square Footage: 3 million
• Address: 1990 Post Oak Boulevard & 2103 CityWest Boulevard
• Market: Houston
• Buyer: Parkway Property Investments - James Heistand; Midway - Brad Freels

Parkway Property Investments, led by James Heistand, and Midway, represented by Brad Freels, will spearhead the future development and redevelopment of Post Oak Central and CityWestPlace, respectively. The acquisition solidifies Parkway's presence in the Houston office market, while offering opportunities for additional growth and enhancement of the properties' existing offerings.