{"id":1003804655,"date":"2008-05-16T12:00:00","date_gmt":"2008-05-16T20:00:00","guid":{"rendered":"https:\/\/64.70.41.235\/2008\/05\/16\/goddard-sells-houston-building-puts-another-on-market\/"},"modified":"2022-12-08T20:58:22","modified_gmt":"2022-12-09T04:58:22","slug":"goddard-sells-houston-building-puts-another-on-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/goddard-sells-houston-building-puts-another-on-market\/","title":{"rendered":"Goddard Sells Houston Building, Puts Another on Market"},"content":{"rendered":"<p>Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount.  In addition, Goddard is also putting the 218,000-square-foot, 21-story 801 Travis St. tower (pictured) in Houston\u2019s Central Business District on the market. A spokesperson for Goddard declined to comment on the sale and the listing of 801 Travis, but indicated that Goddard planned to remain in the Houston market with its ownership of the 1.3 million-square-foot Heritage Plaza, which the firm acquired in 2005 for about $130 million from ING Clarion.  Griffin Partners, the new owner of 675 Bering Dr., also owns or manages the following Houston properties: 520 Post Oak, 1177 West Loop South, 1301 Fannin and Westchase Place.  \u201cDespite a softening national economy &#8230; investors remain keenly interested in Houston\u2019s commercial real estate as a result of sound local economic fundamentals such as increased occupancies and solid rent growth,\u201d stated a Grubb &amp; Ellis Co. Houston market research report for the first quarter.   According to Real Capital Analytics, private, public and institutional investors spent nearly $600 million so far in 2008 to acquire office properties in the Greater Houston Area. Currently, newly offered office properties are trading for approximately $192 per square foot, well below the national average of $279 per square foot which is one reason investors are attracted to the area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount. In addition, Goddard is also putting the 218,000-square-foot, 21-story 801 Travis St. tower (pictured) in Houston\u2019s Central Business District on the market. A spokesperson for Goddard declined to comment on the sale&hellip;<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003804655","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Goddard Sells Houston Building, Puts Another on Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/goddard-sells-houston-building-puts-another-on-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goddard Sells Houston Building, Puts Another on Market\" \/>\n<meta property=\"og:description\" content=\"Goddard Investment Group L.L.C. has sold a 135,000-square-foot office building at 675 Bering Dr. in Houston to Griffin Partners for an undisclosed amount. In addition, Goddard is also putting the 218,000-square-foot, 21-story 801 Travis St. tower (pictured) in Houston\u2019s Central Business District on the market. A spokesperson for Goddard declined to comment on the sale&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/goddard-sells-houston-building-puts-another-on-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2008-05-16T20:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:58:22+00:00\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/goddard-sells-houston-building-puts-another-on-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/goddard-sells-houston-building-puts-another-on-market\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1d2a393e4a57d6d45707374e94ab4fef\"},\"headline\":\"Goddard Sells Houston Building, Puts Another on Market\",\"datePublished\":\"2008-05-16T20:00:00+00:00\",\"dateModified\":\"2022-12-09T04:58:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/goddard-sells-houston-building-puts-another-on-market\\\/\"},\"wordCount\":225,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/goddard-sells-houston-building-puts-another-on-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/goddard-sells-houston-building-puts-another-on-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/goddard-sells-houston-building-puts-another-on-market\\\/\",\"name\":\"Goddard Sells Houston Building, Puts Another on Market - 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