Principal buys Woodlands' 145,000-SF TimberlochPrincipal buys Woodlands' 145,000-SF Timberlochhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89552012-11-26T10:27:00Z2012-11-26T00:00:00Z

THE WOODLANDS - Principal Real Estate Investors has acquired the 145,580-sf 2001 Timberloch Place from CBRE Global Investors.

Built in 1980, the office building is situated on eight acres in the mixed-use Town Center of The Woodlands. The property was remodeled in 2007, and is 100 percent leased to Repsol USA and Entergy Services, however, a 90,000-sf tenant is expected to vacate in April 2015.

Colliers International's 3Q 2012 office market research report points to a 5.8 percent vacancy in The Woodlands submarket. The submarket has close to 7 million sf in office space, with approximately 437,000 sf vacant. The bulk of the available space is among Class B buildings.

Read more at GlobeSt.com.

Houston-The Woodlands-Sugar Land
http://www.globest.com/news/12_485/houston/office/principal-buys-145000-sf-timberloch-327049.htmlRead more at {Source}

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