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HOUSTON-AEW Capital Management acquired the 350,000-square-foot Eldridge Oaks from partners Cornerstone Real Estate Advisors LLC and Transwestern. As part of the transaction, the Boston buyer acquired an adjacent 7-acre parcel, which could hold an 350,000-square-foot office building.

The four-year-old Eldridge Oaks at 1080 Eldridge Pkwy. in the Energy Corridor submarket was 100% leased at the time of sale. The sales price was not disclosed, however, similar class A, newer buildings in the west Houston submarket have traded for approximately $300 per square foot.

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