HOUSTON--National Asset Services (NAS) has brokered the sale of 602 Sawyer Street, on behalf of 22 tenant-in-common co-owners, to Houston-based Griffin Partners. The property, an 85,923-square-foot, seven-story office building, is located in the Midtown submarket.
The tenant-in-common investors purchased the property in 2008. Originally built in 1982, the office property underwent renovations in 1999. At the time of the sale, the property was 92 percent leased.
"The long term upside for 602 Sawyer in the Houston market made the sale a win-win transaction for both the buyer and sellers of the property,” Karen E. Kennedy, president and founder of NAS, told GlobeSt.com.
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