Griffin Partners Office Fund III Acquires 136698 SF Property At 2900 Weslayan St Houston

2900 Weslayan is a six-story boutique office building situated at 2900 Weslayan St, Houston, TX, 77027. The asset encompasses a total area of 136,698 square feet. The property is located in the Houston market, specifically within the Greenway Plaza submarket.

Summary of transation details:

• Property Type: Office Building
• Transaction Amount: Not Disclosed
• Address: 2900 Weslayan St, Houston, TX, 77027
• Market: Houston
• Square Footage: 136,698
• Seller: Madison Marquette
• Buyer: Griffin Partners Office Fund III
• Seller's Rep: Danny (Dan) Miller of JLL
• Leasing Agents: Madison Marquette

Griffin Partners will manage the property internally, with Janie Snider and Lee Moreland overseeing its operations. The transaction included leasing activity where the building was nearly 82 percent leased, featuring tenants like Baggy’s Grill, Apteek Pharmacy, and Results Physiotherapy. Additionally, Wally Reid, Cameron Cureton, and John Ream of JLL facilitated a three-year, floating-rate acquisition loan through Frost Bank for Griffin Partners.