"Buyers are extremely attracted to acquiring quality facilities with excellent access to the highways like this building on Island Avenue, which is located just off I-95,” says Jonathan Klear, senior vice president of NAI Mertz, which brokered the sale.

Heights adaptive reuse project, M.K.T., will provide an infusion of creative office space for which there is growing demand but little available inventory in Houston despite its wider appeal in the country.

The flexible workspace provider will occupy 51,000 square feet at 229 W. 43rd St.

The project will be located on the southeast edge of the SF State campus and is expected to be completed in 2020. The 584-bed, mixed-use community will feature fully furnished apartment-style units with private and shared accommodations.