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Gulf Coast Western owner Matt Fleeger is quite familiar with his company’s latest acquisition. The oil and gas exploration company is now the co-owner of the two distressed nine-story office towers it has called home for the last 12-plus years.

And to get the deal done, Gulf Coast Western teamed up with newly launched Enverra Real Estate Partners, the latest in a growing list of distressed office buyers betting on the reemergence of the sector.

The duo joined to acquire Parkway Office Center North and Parkway Office Center South through their affiliate Parkway Towers LLC. The deal for the two properties totaling 230K SF closed earlier this month, according to a press release.