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Massive Houston office portfolio sells for $272MMassive Houston office portfolio sells for $272Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=155812017-01-17T06:00:00Z2017-01-17T23:10:00Z

​​​​​​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/

​Check​ out more Houston Office Market Research​​​.

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