Principal Buys 145,000-SF Timberloch

THE WOODLANDS, TX-CBRE Global Investors, advising on behalf of CalSTRS, sells the 100%-leased, 1980s office building. The upside: A 90,000-SF tenant vacating in early 2015.

By Amy Wolff Sorter | Updated on November 20, 2012

THE WOODLANDS, TX-Principal Real Estate Investors acquired the 145,580-square-foot 2001 Timberloch Place, a 1980-constructed building with pending value-add opportunities. The seller was CBRE Global Investors, which advised on behalf of the California State Teachers’ Retirement System (CalSTRS).

The office building is situated on 8 acres in the mixed-use Town Center of The Woodlands. The property was remodeled in 2007, and is 100% leased to Repsol USA and Entergy Services.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

Dig Deeper

Recommended Stories

Two Woodlands Office Buildings Trade to Private Asset Management Firm

David Hoffman | May 30, 2023

Properties total 153,294 square feet situated on 9.85 acres

Whitestone REIT Completes Sale of Legacy Houston Retail Center

John Jordan | October 01, 2018

Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.

Bankruptcies and Retailer Expansion Expected to Take Center Stage at ICSC Event

Natalie Dolce | May 12, 2023

Houston-based Baker Katz Principal Jason Baker discusses opportunities arising from 1,400 new spaces and shares his expectations for the ICSC event as his focus is to support national and regional brands seeking to expand into South and Southeast Texas.

Resource Center

Cementing your CRE portfolio’s long-term growth means assembling a great tech stack to support your goals. However, selecting the right solutions takes preparation and research. This guide outlines five areas of consideration to help you find the right fit.

Guide

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now