IES Residential acquired an office building located at 2925 Briarpark Drive in Houston. The asset comprises 134,000 square feet and spans over 3 acres, featuring 12 stories. At the time of sale, the property was 90% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 2925 Briarpark Drive
• Market: Houston
• Square Footage: 134,000
• Acres: 3
• Buyer: IES Residential
• Seller: Granite Properties
• Buyer's Representative: Jordan Trout & Edward Edson - Colliers
• Seller's Representative: Martin Hogan, Jeff Hollinden, Kevin McConn & Rick Goings - JLL

JLL Capital Markets acted as the representative for the seller, Granite Properties, while Colliers represented the buyer, IES Residential, in the acquisition of the property.