Jan 17, 2017
Massive Houston office portfolio sells for $272M
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...
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.
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