$15M price tags Houston Woodbranch Building

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.