Thomas Properties Sells 2500 CityWest in Houston

HOUSTON-Thomas Properties Group Inc., together with subsidiary TPG/CalSTRS LLC, has disposed of 2500 CityWest, a 25-story, 578,300-square-foot office building in Houston.

By GlobeSt News Hub | November 21, 2011 at 01:01 AM

HOUSTON-Thomas Properties Group Inc., together with subsidiary TPG/CalSTRS LLC, has disposed of 2500 CityWest, a 25-story, 578,300-square-foot office building in Houston. The office structure and adjacent plots totaling 6.3 acres were purchased by Crimson Real Estate Fund LP.

The 2500 CityWest property is situated in Houston's Westchase District submarket. After repaying mortgage debt and funding closing costs, Thomas Properties obtained net proceeds of approximately $16 million on the sale of 2500 CityWest. Holliday Fenoglio Fowler LP brokered the deal. For the full story, go to Commercial Property Executive .

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