Thursday, August 11, 2011

5 Building sale by GE Commercial, was that a GOOD price?

General Electric Commercial Finance Real Estate, and entity of GE Capital Corp., sold its five-property office portfolio in Houston to Peloton Capital Partners. The properties traded for $19 million, or approximately $55 per square foot.

The assets consist of 347,587 square feet of office space in Harris County. The buildings are at 2950 and 3030 S. Gessner, 10200 Richmond Ave., 11931 Wickchester Lane and 1250 Woodbranch Park Drive
For more information on Houston office space, Houston retail space or Houston warehouse space and Houston industrial space, please call 713 782-0260 or see my web site at :  Thank you for your interest.