Apr 14, 2015
Colliers: Houston significant office sales 1Q 2015
HOUSTON - According to Colliers International, office investment sales activity included 20 transactions in 1Q 2015, with an average price per sf of $236 and an average cap rate of...
HOUSTON – According to Colliers International, office investment sales activity included 20 transactions in 1Q 2015, with an average price per sf of $236 and an average cap rate of 7.2 percent.
Listed below are a few significant transactions that closed in 1Q 2015.
| Building Name | Submarket | RBA* (SF) | Year Built | Buyer | Seller | Sale Price | $/SF | Closed |
| C&J Energy Services -3990 Rogerdale | Westchase | 125,000 | 2014 | American Realty Capital Global Trust, Inc. | InSite Commercial Real Estate | $34.3M | $275 | 3/2015 |
| Honeywell – 1250 W Sam Houston Pky | Westchase | 155,314 | 1985 | Klein Family | Parkway Properties | $28M | $180 | 2/2015 |
| Westgate 2 & 3 – 17320 Katy Fwy | Katy Freeway | 411,500 | 2014 | Griffin Capital | Miller Global Properties | $135M | $328 | 3/2015 |
*Rentable Building Area
Click here for the full 1Q 2015 Houston Office Report (PDF) plus historical.
Source: Colliers International
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