Skanska sells office campus in Houston for $147m

Skanska sells office campus in Houston for $147m
West Memorial Place Image: Skanska

Skanska has sold West Memorial Place office campus in Houston, Texas, for $147 million (about SEK 1.3 billion), to a joint venture spearheaded by Fuller Realty Interests, LLC.

West Memorial Place is a 20,000-square meter two building, LEED Platinum office campus located in Houston’s Energy Corridor.

West Memorial Place I consist of 9,300 square meters of office space and West Memorial Place II is comprised of 11,000 square meters of office.

An early adopter of the WELL Health – Safety Rating, the building is adjacent to Houston’s Terry Hershey Park and offers on-site dining, a fitness center and connected parking structure.

Construction of West Memorial Place I began in the third quarter of 2013 and third quarter of 2014 for West Memorial Place II. Both exterior and interior elements were completed in 2015 and 2016.