HOUSTON - Crimson Real Estate Fund LP and USAA Real Estate Co. of San Antonio have teamed up to buy eight acres on Houston's west side. The result of the purchase will be a 97,500-sf build-to-suit headquarters that will be 100 percent leased to TGS-Nopec Geophysical Co.
The three-story office building, along with 408 surface parking spaces, will be on Clay Rd., near Beltway 8.
Patrinely Group LLC, the development management affiliate of CREF, will develop the building. Crimson Services LLC will provide on-site property management.
Read more at GlobeSt.com.
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