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by CareyBot

A joint venture today announced it acquired a 424,393-square-foot mixed-use property known as Four Corners in Houston, Texas. Pacific Coast Capital Partners LLC and Chase Merritt paid an undisclosed amount for the multibuilding class A complex, which comprises 395,473 square feet in two office buildings and 28,920 square feet in two retail buildings, along with two parking structures. Built in 1976, the 11-story, 217,005-square-foot office building known as Telecheck Plaza was 81.3 percent leased at closing by tenants including Telecheck Services, Southwestern Bell Telephone and Bechtel. Completed in 1969, the 10-story, 178,468-square-foot office building known as 5333 Westheimer was 89.7 percent leased to tenants including Petroleum Info. Corp., ePartners Inc. and SAS Institute...