The building's easy access to the Westpark Tollroad and theBeltway, along with an 82% occupancy, add to the value of aproperty slated for renovation. "Most of our properties in theWestchase market have a 90% occupancy," Scott Martin, theDallas-based Granite's managing director in Houston, tellsGlobeSt.com. "This is a large class A building in a fast growingcorridor of Houston. Since this is our fourth building in theWestchase market, obviously we believe in it."

Martin says the renovation plan is still being discussed. "Wewill have to step back and take a look at the lobby and the commoncorridors," he says, "and then work to give it a fresh newlook."

Representatives from Prentiss declined to comment on the sale ofa recognized landmark in the heart of the Westchase businessdistrict. Granite intends to retain the name of the high-profilebuilding, encased in light blue reflective glass with a full-heightatrium lobby and cantilevered balconies.