Skanska USA announces the sale of its mixed-use West Memorial Place I and II project to a joint venture led by Fuller Realty Interests, LLC
The West Memorial Place campus features over 715,000 square feet of office space and more than 5,000 square feet of retail space, located in Houston’s Energy Corridor.
The campus was completed in 2016 and is LEED Platinum® certified.
‘Best-in-class office project’
Matt Damborsky, executive vice president for Skanska USA Commercial Development’s Houston market, said: “Skanska’s Houston team has celebrated many great milestones over the last few years, from delivery of Bank of America Tower to breaking ground on 1550 on the Green.
“The sale of West Memorial Place signifies the value of Skanska’s developments in this market and demonstrates our team’s commitment to creating superior products for the Houston community.
“As the new buyer begins operations, we are confident that its team and tenants will experience the value of West Memorial Place for years to come.”
‘World class developer’
Steve Darnall, principal at Fuller, added: “We are thrilled to acquire a best-in-class office project from a world class developer.
“Our team believes that the best office buildings will win in this environment and West Memorial Place I and II should be well positioned given its location, above market amenity packages, and the fact that these office buildings are the only LEED Platinum multi-tenant office buildings in suburban Houston.”
