Downtown Tower Sold, Market briefs

1301 Fannin, downtown Houston

In Houston, The 1301 Fannin building, a 784,000-square-foot downtown tower with data center space and Class A office space has been sold to Netrality Properties.

The seller was Houston-based Griffin Partners and CenterSquare Investment Management, a Pennsylvania-based investment boutique of BNY Mellon. Griffin Partners redeveloped the 24-story tower a few years ago. Lee & Associates will lease the building.

Griffin is also partnering with Shorenstein Properties to redevelop the 800 Bell building, a major downtown tower being vacated by Exxon Mobil.

CenterSquare reported that it also sold its Villas at Hermann Park, a 320-unit apartment complex near the Texas Medical Center.