Griffin Partners acquires value-add office building in Houston
Transactions - JANUARY 15, 2020

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Griffin Partners acquires value-add office building in Houston

by Released

Griffin Partners has bought Concourse at Westway, a class B, 130,223-square-foot, value-add office building in West Belt submarket of Houston.

JLL Capital Markets marketed the property on behalf of the seller, EverWest.

Griffin Partners will self-manage the building.

Completed in 1999, Concourse at Westway consists of a two-story, 56 percent-leased office building with efficient floorplates and a five-per-1,000 parking ratio. The value-add property is positioned on 11 acres at 4700 West Sam Houston Parkway North in Houston’s West Belt Corridor and, more specifically, Westway Park, a top-performing Houston micro market. Concourse at Westway has direct frontage and visibility to the more than 205,000 vehicles per day that travel on Beltway 8. Additionally, the property’s location provides regional accessibility via connectivity to State Highway 249, U.S. Highway 290 and Interstate 10. The location links the building to northwest Houston’s newest and most h

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