HOUSTON— Union Investment Real Estate hasacquired 1000 Main, a class AA trophy towerlocated in the CBD, from Invesco Real Estate foran undisclosed price.
CBRE Capital Markets' Office Investmentgroup announced the sale of the 36-story building, which wasbuilt in 2003 and features 836,015 rentable square feet.
"The transaction is a testament to global investor demand forcore assets in Houston,” Bernard Branca, seniorvice president, CBRE Capital Markets, told GlobeSt.com. "We hadinvestor interest from South Korea, Hong Kong, Canada, Europe andthe Middle East. 1000 Main is best-in-class real estate whichdrives a premium level of interest from both investors andoccupiers."
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