First Service CU Buys Six-Story Office Building

First Service Credit Union (Houston, TX) bought a six-story office building to serve as its new corporate headquarters.

The $597 million credit union will initially occupy 35,000 square feet of the 110,452 square-foot office building. Current tenants will continue to occupy most of the remaining space.

The building is located within the Park Ten Office Park.

The Houston Chronicle is reporting that the credit union said it paid about $105 per square foot for the building. This would indicate the credit union paid about $11.6 million for the building..