HOUSTON–Rosemont Realty LLC has acquired the 15-story Kirkwood Tower, located in Houston's Energy Corridor.

The asset adds 285,682 rentable square feet of class A office space to Rosemont Realty's portfolio. It brings the company's total square footage in the greater Houston area to nearly 2.5 million square feet in 16 properties, including Kirkwood Atrium II next door.

“Houston has not only recovered more quickly than other cities from the economic recession, it has experienced growth in the commercial real estate market sector with the spotlight on the city's Energy Corridor," Helen Rivero, Rosemont Realty's regional principal, told GlobeSt.com. "This submarket has witnessed a higher occupancy rate and, subsequently, higher lease rates quarter over quarter. Kirkwood Tower has all the quality, full-service amenities you'd expect from a class A building, bolstered by its location in the heart of the Energy Corridor. It is Rosemont's flagship asset in Houston."

Rosemont Realty purchased the office building in a joint venture with new Rosemont investor Central Properties. The seller was a joint venture between Denver-based Amstar and Dallas-based Frontier Equity. The sales price was not disclosed.

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