HOUSTON – TH Real Estate, Silverpeak Real Estate Partners, and Canada Pension Plan Investment Board, have purchased a combined 49 percent stake in Houston's Greenway Plaza and Phoenix Tower.
The Greenway complex along with Phoenix Tower comprise 11 office properties that amount to five million sf across 54 acres.
The transaction values the portfolio at $1.045 billion.
Parkway Inc. has retained a 51 percent interest in the property and will continue to handle management and leasing activities.
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