Houston 137,000-SF 2900 Weslayan sold; redo to Class A

HOUSTON – The 136,698-sf office building and 20-lane motor bank at 2900 Weslayan has been sold. The six-story property in the Greenway Plaza/Galleria submarket is 73 percent leased to a variety of tenants including anchor tenant, JP Morgan Chase.

PM Realty Group, who purchased the building and bank, will be investing significant capital to reposition the building to Class A.

The property, which sits on almost three acres, is adjacent to a new 40-story residential development, which is also being developed by PM Realty Group.

Read more at GlobeSt.com.