|Massive Houston office portfolio sells for $272M||Massive Houston office portfolio sells for $272M||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=15581||2017-01-17T06:00:00Z||2017-01-17T23:10:00Z|
HOUSTON – Columbia Property Trust Inc. of Atlanta sold its Houston portfolio to San Francisco-based Spear Street Capital for $272 million in gross proceeds.
Columbia’s portfolio consisted of three office buildings encompassing 1.2 million sf.
The stack includes:
• 5 Houston Center—the 27-story, 581,000-sf office tower is located at 1401 McKinney St. in downtown Houston.
• Energy Center I—the 332,000-sf asset at 585 N Dairy Ashford Rd. along I-10 in the Energy Corridor.
• 515 Post Oak Blvd.—the 12-story, 274,000-sf located in Houston’s Galleria submarket.
|Commercial Property Executive||Houston-The Woodlands-Sugar Land||Office|| https://www.cpexecutive.com/post/property-trust-exits-houston-sells-entire-portfolio-for-272m/|
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