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Cousins buys Post Oak Central for $232.6MCousins buys Post Oak Central for $232.6Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=82942013-02-11T13:43:00Z2013-02-11T00:00:00Z

HOUSTON - Cousins Properties Inc. has purchased the 1.3 million-sf Post Oak Central, an office complex in the Galleria area, for $232.6 million.

The property’s three towers were purchased at $182 per sf. In addition, Cousin’s buy included a two-acre development parcel with frontage on Post Oak Central Blvd.

The LEED Gold-certified, 17-acre property includes:

  • One Post Oak Central, completed in 1975; 400,000 sf of office, 27,495 sf of retail at 2000 Post Oak Blvd;
  • Two Post Oak Central, completed in 1979; 429,000 sf of office, 41,289 sf of retail at 1980 Post Oak Blvd; and
  • Three Post Oak Central, completed in 1982; 429,000 sf of office; 40,718 sf of retail at 2000 Post Oak Blvd.


The complex also includes a 90,000-sf retail center and parking for 4,200 cars.

Houston Business Journal
Houston-The Woodlands-Sugar Land
Mixed-Use
http://www.bizjournals.com/houston/morning_call/2013/02/cousins-properties-acquires-post-oak.htmlRead more at {Source}

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