HOUSTON - A joint venture between KBR Inc. and Brookfield Office Properties Inc. has completed the sale of the 40-story KBR Tower in Downtown Houston.
The 1.05 million-sf Class A tower at 601 Jefferson sold for $174.6 million to Corporate Property Associates 17-Global, a public, nontraded REIT affiliate of W.P. Carey Inc.
At the time of the sale, the property was 99.8 percent leased to seven tenants, of which KBR represents 87 percent on a long-term lease.
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