HOUSTON - CapRidge Partners LLC purchased the Woodbranch Building for $15 million from Parkway Properties. The 109,471-sf office building at 12012 Wickchester is 100 percent leased.
Parkway received approximately $13.9 million in net proceeds, which were used to fund subsequent acquisitions, according to SEC filings.
The Woodbranch Building is situated on 3.7 acres near the northwest corner of Kirkwood and I-10. Built in 1983, the property sits on 3.72 acres.
Class A office space in the Energy Corridor area is 99 percent leased and over 5 million sf is under construction.
Read more at GlobeSt.com and SEC.
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