BBVA sale sets record price for Houston officeBBVA sale sets record price for Houston officehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=115292015-12-16T06:00:00Z2015-12-16T18:00:00Z

​HOUSTON – ​​​The 22-story BBVA Compass Plaza sold for over $​​527 psf, setting a record high selling price for the city's offices. 

This topped the previous per sf record of $524 psf from the $442.5 million sale of the Hess Tower.

The 326,200-sf BBVA building, located at 2200 Post Oak Blvd. in Uptown, was purchased by Spain-based Masaveu Post Oak Houston Delaware. The seller, represented by HFF, was a partnership of Stream Realty, TRC Capital Partners and an institutional client of L&B Realty Advisors.​

The BBVA building, which opened in 2013, is 83 percent leased with BBVA bank occupying 185,000 sf of the tower. Caracol, a Mexican seafood restaurant by world-class chef Hugo Ortega, is on the ground floor.

This sale also tops the $435 million purchase by Union Investment of the 1000 Main building. 

Realty News Report
Houston-The Woodlands-Sugar Land
http://realtynewsreport.com/2015/12/15/real-estate-history-bbva-sale-sets-new-record-price-for-houston-office/Read more at {Source}

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