TOMBALL - Parkway Chevrolet, the sole tenant of the auto dealership located at 25500 SH 249 in Tomball, purchased the property it was previously renting for $17.6 million, or $228 per sf.
The seller was Lexington Realty Trust, a New York-based REIT focused on single-tenant real estate investments.
Parkway Chevrolet had been leasing the entire 77,076-sf building, which was built in 2004.
The property sits on roughly 15.74 acres.
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