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HOUSTON-The second of two class A office properties, brought to market in May by Crescent Real Estate Equities LP, is under contract. The 1.28-million-sf Post Oak Central, assessed at more than $183 million by Harris Central Appraisal District, is anticipated to change hands before the year ends.

Crescent Real Estate Equities LP brought the class A asset at 1980, 1990 and 2000 Post Oak Blvd. to market at the same time as with the 502,410-sf One BriarLake Plaza at 2000 W. Sam Houston Pkwy. Dallas-based Behringer Harvard REIT I Inc. has just closed on the purchase, which area sources say has cost roughly $136 million.

Robert Williamson, senior managing director with Holliday Fenoglio Fowler LP in Houston, says the original goal was to sell the 91%-occupied Post Oak Central by early fall. The deal, however, is slightly behind schedule because it’s somewhat complex, he explains.

“The hurricane hit right in the middle of the due diligence period,” says Williamson, who led BriarLake Plaza’s marketing team and is working the Post Oak Central deal. “The buyer simply wants to reconfirm there wasn’t any major water penetration in that building that might have caused some damage.” He tells GlobeSt.com that both Post Oak Central and One BriarLake Plaza sustained mostly broken windows and minor damage from Hurricane Ike, but no damage to the structures.

One BriarLake Plaza attracted six offers during its marketing period. Williamson says Behringer Harvard’s track record helped to win the asset. “We just closed One City Center with them earlier in the year and they have a significant portfolio in Houston,” he adds. “Houston continues to be one of their target markets.”

In addition to Williamson, the HFF team includes senior managing directors Jeffrey Hollinden and H. Dan Miller and associate director Barbara Guffey, all in Houston. Also on the team is Glenn Whitemore, a senior managing director with HFF in New York City.

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