Houston’s 4.4M-SF Greenway Plaza sold to Cousins

HOUSTON – A $1.1 billion deal has been signed to purchase two Texas properties from Crescent Real Estate Holdings LLC. Greenway Plaza, a 4.4 million-sf office portfolio in Houston, and 777 Main Street, a 980,000-sf office tower in Fort Worth.

Greenway Plaza consists of ten Class A office buildings on a campus centrally located between Houston’s central business district (CBD) and Galleria submarkets. The property sports a 92 percent occupancy rate, in-place rents well below market.

Atlanta-based Cousins Properties Inc. is buying the properties set for closing in September.