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Houston's 1000 Main draws record price at $440MHouston's 1000 Main draws record price at $440Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=13532015-04-02T12:13:00Z2015-04-02T06:30:00Z

HOUSTON - The 36-story 1000 Main tower has been sold for $440 million, or about $525 per sf.

The 837,000-sf building sold after the original bidder backed out of a deal to purchase it.

Germany-based Union Investment Real Estate GmbH finalized the purchase from Dallas-based Invesco Real Estate and an Australian entity.

Houston's current record for a building sale is $524 per sf when the Hess Tower sold in 2011. Hess Tower was priced at $442.5 million.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Office
http://www.bizjournals.com/houston/morning_call/2015/04/downtown-tower-sells-for-440m-one-of-citys-biggest.htmlRead more at {Source}

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