The final price for the class A building at 2000 W. Sam HoustonPkwy. couldn't be obtained by deadline. The eight-year-oldbuilding, situated on nine acres in the Westchase submarket, is 93%occupied. Crescent, now part of Morgan Stanley, acquired thebuilding in October 2003 in a partnership with JPMorgan FlemingAsset Management for $75 million.
"We found this outstanding property to be an attractiveinvestment due to construction and amenities of the higheststandards, a location with exceptional access and strongcreditworthy tenancy," Thomas F. August, COO of Dallas-basedBehringer Harvard REIT I Inc., says in a press release. Tenantsinclude Citigroup Inc., Nexen Petroleum USA Inc, Mariner EnergyInc, Datavox Inc. and Microsoft Corp. The new owner also added thatthe building did sustain damage to windows and landscaping asHurricane Ike passed through the region. The buy brings the REIT'sportfolio to 74 properties totaling 25.6 million sf in 23 statesand the District of Columbia.
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