CapLease Subsidiary Acquires Reserve at Park Ten for $35M
Stay informed of the latest news from across the state with GlobeSt.com's Texas AM Alert. Sign Up Today!
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 .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
So much is happening across the country in the office sector. Hear the latest in creative office, how millennials are impacting the direction of the market and where developers are focusing at a RealShare Conference. Check out the details and agendas to find an informative office panel and register today.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.