Houston: Lakes on Post Oak sales total $400MHouston: Lakes on Post Oak sales total $400Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=32042014-12-22T11:22:00Z2014-09-02T00:00:00Z

HOUSTON - MetLife Real Estate Investors has purchased 3040 Post Oak Blvd., a 22-story, 427,000-sf Galleria-area office building.

According to Real Estate Alert, MetLife was under contract to pay nearly $130 million for the building.

The building is part of the three-building, 1.2 million-sf Lakes on Post Oak office complex. The sale of 3040 Post Oak Blvd. follows two other major transactions in the complex.

The Class A, 337,000-sf 3050 Post Oak Blvd. sold to Chinese oil and gas company Sinopec in May. The Class A, 441,000-sf 3000 Post Oak Blvd. is pending sale to Korean-based FG Asset Management.

Once closed, the three transactions will total about $400 million, according to Real Estate Alert. Five Mile Capital Partners LLC and Florida-based Crocker Partners originally owned all three properties.

Read more at the Houston Chronicle and the Houston Business Journal.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/blog/breaking-ground/2014/08/major-deals-total-400m-for-owners-of-lakes-on.htmlRead more at {Source}

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