CapLease Subsidiary Acquires Reserve at Park Ten for $35M
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HOUSTON-A subsidiary of CapLease Inc., a real estate investment trust based in New York, has bought The Reserve at Park Ten, a 145,114-square-foot office building in Houston's Energy Corridor submarket, for about $35.5 million. The seller was Principal Real Estate Investors.
The Class A office building, constructed in 2009, is 100% occupied. Jared Chua, Russell Ingrum and Bernard Branca from the Houston office of CBRE Group Inc. negotiated the deal on behalf of the seller. For the full story, go to Houston Business Journal .
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