Skanska has sold its remaining 10 percent ownership stake in Bank of America Tower in Houston, Texas, USA, for approximately $24 million to an affiliate of Beacon Capital Partners.
The divestment follows Skanska sale of its majority interest in 2019 to an affiliate of Beacon Capital Partners.
Bank of America Tower in Houston is the first v4 Platinum Core & Shell certified project in the United States, and the third in the world.
Bank of America Tower offers 72,500 square meters (approximately 780,000 SF) of contemporary office space in Houston’s Central Business District, tenants include Bank of America, Waste Management, Winston and Strawn, Quantum Energy Partners, and Skanska.
Construction of Bank of America Tower was completed in the second quarter of 2019.