KBR Tower sold for $174.6MKBR Tower sold for $174.6Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89452012-11-27T06:46:00Z2012-11-27T00:00:00Z

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.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/blog/breaking-ground/2012/11/kbr-tower-changes-hands-in-1746-m-sale.htmlRead more at {Source}

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