HOUSTON— Union Investment Real Estate has acquired 1000 Main, a class AA trophy tower located in the CBD, from Invesco Real Estate for an undisclosed price.

CBRE Capital Markets' Office Investment group announced the sale of the 36-story building, which was built in 2003 and features 836,015 rentable square feet.

"The transaction is a testament to global investor demand for core assets in Houston,” Bernard Branca, senior vice president, CBRE Capital Markets, told GlobeSt.com. "We had investor interest from South Korea, Hong Kong, Canada, Europe and the Middle East. 1000 Main is best-in-class real estate which drives a premium level of interest from both investors and occupiers."

Union Investment, one of Europe's leading asset managers, was advised in the transaction by Metzler Real Estate. CBRE's Russell Ingrum, Jared Chua and Branca represented the seller.

“Union Investment's purchase is a clear vote of confidence in the long-term economic prospects of Houston,” says Branca. “Core CBD assets rarely trade, and buildings like 1000 Main, which possesses the unique combination of trophy-quality construction and a fortress location, are always in high demand.”

The iconic property has been institutionally maintained with a commitment to energy-efficiency and environmental conservation. As a result, the property was awarded LEED Gold Certification from the U.S. Green Building Council in 2013. The tower was designed and constructed by Gensler & Associates and Century Development Corp.

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