IES Residential Acquires 134000 Square Foot Office Building In Westchase Houston From Granite Properties

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.