HOUSTON - Parkway Properties is selling the 34-story Phoenix Tower, a continuation of its ongoing sell-off of its Houston office portfolio.
The 629,000-sf building is expected to fetch $104 million or $164 per sf, according to Real Estate Alert.
Eastdil Secured, which is expanding in Texas, is marketing the building, 3500 Southwest Fwy. at Buffalo Speedway in the Greenway Plaza area.
Parkway purchased Phoenix Tower in 2012 for $123.8 million.
Over the last year, Parkway has sold seven Houston buildings $179 million.
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