THE WOODLANDS (GlobeSt.com) – Continuing its long history with Waterway Plaza I and II, the Lionstone Group has sold the two Class-A office properties roughly a year after buying them.
The buildings are at 10001 and 10003 Woodloch Forest Dr. They total a little more than 366,000 sf.
Lionstone originally purchased the buildings in 2004 for $42 million, then flipped them for over $72 million just 18 months later. They repurchased the buildings in June of last year.
The buyer this time was Clarion Partners. HFF represented Lionstone.