HOUSTON - The 218,680-sf Frost Bank office building at 10333 Richmond Ave. has been purchased for $46.3 million. The 11-story building is 91 percent occupied.
The building delivered in 1983 on 3.33 acres in the Westchase area. The property underwent renovations in 2012 and is currently home to offices for MetLife Financial Services, TEKsystems, Brown, Fowler & Alsup and The Guardian Life Insurance Co. among others.
Beacon Investment Properties purchased the building. This is the 15th building for Beacon's Houston portfolio, bringing the total sf to 2.89 million.
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