Houston Mosaic II pieces $106M into buyHouston Mosaic II pieces $106M into buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=57832013-11-07T09:54:00Z2013-11-07T10:00:00Z

HOUSTON - The 29-story, 396-unit Mosaic II residential building has been sold for $106 million, or $254 per sf. Occupancy was at 92 percent at the time of sale.

Mosaic II features 20,065 sf of ground level retail space, a 6,000-sf wellness center, penthouse units of up to 2,959 sf and a 6,500-sf social lounge and recreation area.

The company closed on the Houston property as part of a four property deal, which had an aggregate purchase price of $246 million.

Boston-based Winthrop Realty Trust acquired the property.

Read more at GlobeNewswire and Securities and Exchange Commission.

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Houston-The Woodlands-Sugar Land
http://globenewswire.com/news-release/2013/10/31/585677/10055653/en/winthrop-realty-trust-acquires-four-class-a-luxury-apartment-buildings.htmlRead more at {Source}

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