HOUSTON-CapLease, a real estate investment trust based in New York, has paid $40.5 million for The Reserve at Sierra Pines, a 175,000-square-foot Class A property in The Woodlands. The office building was sold by Dallas-based Stream Realty Partners LP.
The building, developed in 2009, is currently 100% leased to Praxair, Dover Fluid Management Inc. and three other tenants. Dan Miller and Trent Agnew with HFF handled the sale on behalf of Stream. For the full story, go to Houston Business Journal .
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