HOUSTON — Beacon Investment Properties, of Hallandale Beach, Florida, has bought a 218,680-square-foot office tower in Houston’s Westchase submarket from a Boston real estate advisor for $46.3 million. The 91 percent occupied, 11-story building sits on 3.3 acres at 10333 Richmond Street. It’s Beacon’s 15th property in Houston, giving the company 2.89 million square feet of office space citywide. The property is one block from the intersection of Richmond and the Sam Houston Tollway (Beltway 8), and has access to Interstate 10, US 59, Loop 610 and the Westpark Tollway. Susan Hill, managing director for HFF in Houston, arranged financing. Kim Grizzle-Shapiro and Mike Martin of PM Realty Group in Houston are the leasing brokers, while Beacon Real Estate Services will take over property management.
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