HOUSTON-ING Clarion will purchase 50% stake in Wells Fargo Plaza in Houston for $255 million on behalf of New York Common Fund. Real Estate Alert reported that MetLife will keep the other 50% stake in the 1.7 million-square-foot tower.
ING Clarion will pay $300 per square foot for the 71-story tower. The property is currently 95% occupied. Holliday Fenoglio Fowler LP represented MetLife in the deal. For the full story, go to Houston Business Journal .
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