Stone Mountain Properties Buys $20M Office Building in Houston

Griffin Capital sold the 143,211-square-foot office building to Stone Mountain Properties in a transaction arranged by LandPark Advisors.
Houston—Stone Mountain Properties recently acquired a 143,211-square-foot office building in Stafford, Texas from Griffin Capital. Bill McGrath, CCIM and Peter Wall from LandPark Advisors represented the company in the $20 million deal.
Constructed in 1981, 12603 Southwest Freeway is a Class B, six-story office building located in close proximity to several entertainment venues, master-planned neighborhoods and a currently under construction, mixed-use development on the 192-acre former Texas Instruments campus. The property received approximately $1.5 million in capital improvements since 2013…
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