HOUSTON-The second of two class A office properties, brought to market in May by Crescent Real Estate Equities LP, is under contract. The 1.28-million-sf Post Oak Central, assessed at more than $183 million by Harris Central Appraisal District, is anticipated to change hands before the year ends.

Crescent Real Estate Equities LP brought the class A asset at 1980, 1990 and 2000 Post Oak Blvd. to market at the same time as with the 502,410-sf One BriarLake Plaza at 2000 W. Sam Houston Pkwy. Dallas-based Behringer Harvard REIT I Inc. has just closed on the purchase, which area sources say has cost roughly $136 million.

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

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join 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
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.