Granite Properties Brings In $155M For Houston Tower Pair

Law360, Dallas (October 10, 2012, 5:48 PM EDT) -- A subsidiary of Granite Properties Inc. agreed Wednesday to sell twin office buildings in Houston for nearly $155 million to a subsidiary of Franklin Street Properties Corp., according to a filing with the U.S. Securities and Exchange Commission.

FSP Westchase LLC signed a purchase agreement with Granite Westchase Partners Ltd. for the buildings in a $154.75 million deal expected to close Nov. 1, according to the SEC filing.

The buildings, at 10370 and 10350 Richmond Ave., are about 15 miles west of downtown Houston. They are...
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