Private Investor Buys 20%-Occupied 162,000 SQFT North Belt Office Tower Near Bush Intercontinental From REIT

A private buyer has taken a 10-story office tower on Beltway 8 off the hands of a publicly traded REIT through an online auction, betting that a building with 80 percent of its space empty can be refilled in a North Houston submarket where close to half of all office space sits vacant.