Houston: 455,000-SF Two WestLake Park sold for $130M

HOUSTON – Hicks Ventures is buying the Two WestLake Park office building in the Energy Corridor for $130 million. The project, developed by Hines in 1982, is located at 580 Westlake Park Blvd., east of Hwy. 6, between I-10 and Memorial Dr.

The deal represents a $286 per sf price for the 455,000-sf property. The seller is KBS Realty.

The project is part of the business park that houses BP’s North American headquarters. BP leases 91,000 sf in the building and Conoco-Phillips leases 200,000 sf.