By Nancy Sarnoff
Thursday, January 31, 2019
Granite Properties has acquired the three-building Eldridge Place office complex for $78.4 million, a show of confidence by an established Texas company that’s familiar with Houston’s boom-and-bust real estate cycles.
“A large part of our M.O. has been to take advantage of recovering real estate markets,” said Scott Martin, Granite’s executive managing director. “As we see Houston bottoming, we see it as a great opportunity.”