Houston: $17 million for 155,000-SF Schlumberger bldg.

HOUSTON – The 155,324-sf office building at 1325 S. Dairy Ashford Rd. was sold for a gross sale price of $17.0 million. Recently released third quarter reports show Parkway recognized a gain on sale of the Schlumberger Building of approximately $6.7 million.

The building was constructed in 1983. It is a single-tenant building that is 100 percent occupied by Schlumberger, an oilfield services company.

Los Angeles-based Associated Financial Corp. purchased the building from Parkway Properties.