PS Business Parks Closes 2 Deals in Miami, Houston

PS Business Parks Inc. (NYSE:PSB) completed two commercial real estate transactions in Houston, TX, and Miami, FL.

The REIT sold the 13-building Westchase Corporate Park in Houston for $ 9.8 million or $ 55 per square foot. Dallas-based TriGate Capital and joint venture partner Adler Realty Services of Miami purchased the 176,977-square-foot flex portfolio in the Southwest Outer Loop Industrial submarket.

Built in 1981, Westchase includes buildings…
South Florida Commercial Real Estate News From CoStar Group