Bottom of the Cycle is Good Timing for Buy

Eldridge Place, an 824,632-square-foot three-building class-A office complex, is located in the Energy Corridor.

HOUSTON—The metro should experience healthy economic growth in 2019 and 2020, as long as outside influences such as energy prices, US expansion and global growth continue in Houston’s direction. Outside influences of net migration, construction and consumer confidence must also stay in alignment, according to a report by NAI Partners.

With those economic conditions in mind, Granite Properties recently acquired Eldridge Place, an 824,632-square-foot three-building class-A office complex in the Energy Corridor of West Houston for $78.4 million. Located at 737, 757 and 777 N. Eldridge Pkwy., the complex has direct access to Interstate 10, Memorial Drive and North Eldridge Parkway near West Houston, which is home to much of the Energy Corridor’s employee base.