Nov 10, 2015
JV charts new course with BBVA Compass Bank buy
HOUSTON – Masaveu Post Oak Houston Delaware LLC has purchased BBVA Compass Plaza, a Class-AA, best-in-class office building totaling 326,200 sf.HFF marketed the building on behalf of a joint venture partnership between Stream...
HOUSTON – Masaveu Post Oak Houston Delaware LLC has purchased BBVA Compass Plaza, a Class-AA, best-in-class office building totaling 326,200 sf.
HFF marketed the building on behalf of a joint venture partnership between Stream Realty Partners LP, TRC Capital Partners (formerly The Redstone Companies) and an institutional client of L&B Realty Advisors LLP.
Completed in 2013, BBVA Compass Plaza is the first office building to be delivered to the Galleria area in nearly three decades.
The LEED Gold certified, 22-story, podium-style building is 83 percent leased. BBVA Compass Bank occupies 58 percent of the net rentable area, and the remaining tenants are a mix of national and international firms.
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