The 49-year-old high-rise at 1301 Travis St., renovated four years ago, is assessed at close to $24.9 million. The seller of record, AEW McCord LP, a joint venture of an affiliate of Boston-based AEW and McCord Development Inc. of Houston. Details about the deal will be forthcoming.
The CBD asset was bought for Behringer Harvard REIT I Inc., with participation from the investment group's TIC program. "As part of a demographically strong market, Travis Tower is an exciting addition and strategic fit within Behringer Harvard Funds' core REIT asset portfolio," Robert Behringer, the founder and CEO of Behringer Harvard Funds, said in this morning's press release.
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