HOUSTON, TX-CBRE announced today the sale of One Oak Park in Houston's Westchase District to Clarion Partners, a leading real estate investment manager. One Oak Park is a recently constructed, 100% leased Class A office building containing 153,342 square feet and a fully-entitled 4.2-acre adjacent land parcel.
Bernard Branca and Jared Chua of CBRE arranged the transaction on behalf of the sellers, The Carlyle Group, via Carlyle Realty Partners V and Means-Knaus Partners.
“Investors were attracted to these assets due to their exceptional Westchase location, being situated in a deed-restricted and architecturally controlled office park that is a premier destination for some of Houston's most prominent corporations,” said Bernard Branca, senior vice president of CBRE.
Designed by Gensler and developed by Carlyle/Means-Knaus Partners in 2009, the six-story building is LEED Gold certified and ENERGY STAR rated. A four-level parking garage adjoins the office building. One of the last remaining developable sites within the Oak Park business park and the Westchase District, the 4.2-acre land site features approximately 487 feet of frontage along Rogerdale Road.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
