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Lionstone Sells 366,000-SF Waterway Plaza – Again

THE WOODLANDS, TX-For the second time in 10 years, Lionstone sells the class A Waterway Plaza I and II office buildings, turning the keys to Clarion Partners. The seller tells GlobeSt.com rent growth and capital markets made the sales decision easy.

By Amy Wolff Sorter | Updated on July 02, 2013

THE WOODLANDS, TX-In June 2005, Lionstone Group sold the 366,043-square-foot Waterway Plaza I and II for approximately $73 million to Triple Net Properties LLC. Lionstone disposed of the asset, with help from HFF, after owning it for about 18 months.

Fast-forward a little more than eight years. Lionstone Group yet again disposed of the two class A office buildings at 10001 and 10003 Woodloch Forest Dr., which it had re-acquired in 2012. Once again, Jeff Hollinden and Robert Williamson with HFF represented Lionstone – but this time the buyer was Clarion Partners.

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