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Transaction Values Greenway Portfolio at $1.045B

HOUSTON—A co-general partnership between TH Real Estate and Silverpeak Real Estate Partners completed the acquisition of a 24.5% interest in Greenway Plaza and Phoenix Tower this week.

9, 11 and 12 Greenway Plaza Nine, Eleven and Twelve Greenway Plaza are part of the Greenway Portfolio.

HOUSTON—Located in the Greenway submarket, the Greenway Portfolio is comprised of 11 institutional-quality office properties totaling approximately 5 million square feet across 54 acres. The portfolio is in proximity to Houston’s most prestigious residential neighborhoods with transportation links to the central business district and the Texas Medical Center.

A partnership between TH Real Estate and Silverpeak Real Estate Partners completed the acquisition of a 24.5% interest in Greenway Plaza and Phoenix Tower this week, in a transaction that values the Greenway Portfolio at $1.045 billion. TH Real Estate and Silverpeak are co-general partners of the 24.5% partnership.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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