Crescent Real Estate Equities LP brought the class A asset at1980, 1990 and 2000 Post Oak Blvd. to market at the same time aswith the 502,410-sf One BriarLake Plaza at 2000 W. Sam HoustonPkwy. Dallas-based Behringer Harvard REIT IInc. has just closed on the purchase, which area sourcessay has cost roughly $136 million.

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Robert Williamson, senior managing director with HollidayFenoglio Fowler LP in Houston, says the original goal was to sellthe 91%-occupied Post Oak Central by early fall. The deal, however,is slightly behind schedule because it's somewhat complex, heexplains.

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"The hurricane hit right in the middle of the due diligenceperiod," says Williamson, who led BriarLake Plaza's marketing teamand is working the Post Oak Central deal. "The buyer simply wantsto reconfirm there wasn't any major water penetration in thatbuilding that might have caused some damage." He tells GlobeSt.comthat both Post Oak Central and One BriarLake Plaza sustained mostlybroken windows and minor damage from Hurricane Ike, but no damageto the structures.

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One BriarLake Plaza attracted six offers during its marketingperiod. Williamson says Behringer Harvard's track record helped towin the asset. "We just closed One City Center with them earlier inthe year and they have a significant portfolio in Houston," headds. "Houston continues to be one of their target markets."

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In addition to Williamson, the HFF team includes senior managingdirectors Jeffrey Hollinden and H. Dan Miller and associatedirector Barbara Guffey, all in Houston. Also on the team is GlennWhitemore, a senior managing director with HFF in New YorkCity.

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