HOUSTON – The Greenspoint Place office and retail complex at 16945 Northchase Dr. has been sold to Lincoln Property Co. and H.I.G. Realty Partners.
The complex includes six office buildings totaling about 2.1 million sf and three adjoining retail centers. A 7,000-sf fitness center and a 10,000-sf conference center were added in 2015. The buildings, developed by Friendswood Development, delivered between 1978 and 1992.
Hines previously owned the complex in partnership with the General Motors Pension Fund until it went into foreclosure last year. Northwestern Mutual took over the asset.
NorthMarq Capital advised Lincoln Property on the purchase. Acore Capital provided an acquisition bridge loan. Transwestern marketed the property for Northwestern Mutual.
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