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TIER REIT sells Houston office complex to Griffin Partners

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TIER REIT sells Houston office complex to Griffin Partners

In a deal finalized March 27, Dallas-based TIER REIT Inc. sold the Loop Central office complex in Houston to real estate investor Griffin Partners for an undisclosed sum, the Houston Business Journal reported.

The office campus consists of three buildings: the 178,130-square-foot Loop Central 1, the 197,868-square-foot Loop Central 2 and the 198,946-square-foot Loop Central 3, as well as three parking garages containing a total of 2,327 parking spaces.

The buildings are between 84% and 89% leased, the March 28 report noted, citing a marketing flyer on the project.