Downtown Houston's 1301 Fannin Street office soldDowntown Houston's 1301 Fannin Street office soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17652015-02-11T11:54:00Z2015-02-11T10:00:00Z

HOUSTON - A 1.1 million-sf downtown building, 1301 Fannin Street, has been sold. The 25-story building originally was developed in 1981 as an enterprise data center and office building.

It has nearly 400,000 sf of data center space, with additional space available to be converted to network colocation use.

Netrality bought the property from Houston-based Griffin Partners. Netrality will be developing plans to convert two floors — up to 100,000 sf — for additional data center space, pending tenant demand.

Netrality is a new joint venture operated by affiliates of Philadelphia-based Amerimar Enterprises Inc. and Hunter Newby, founder and CEO of New York-based Allied Fiber LLC.

"Under the stewardship of Griffin Partners, 1301 Fannin was renovated and repositioned into a multitenant, Class A office and data center facility," said Gerald Marshall, president and CEO of Netrality, "and we look forward to building on Griffin's legacy and continuing to enhance the profile of this excellent asset."

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2015/02/10/downtown-office-building-trades-hands.htmlRead more at {Source}

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