HOUSTON-Following a four-year hold of the1.4-million-square-foot Williams Tower,Hines REIT Properties LP has decided to sell theclass A office building. Jones Lang LaSalle istapped to handle marketing activities for the 30-year-old asset,which is also where Hines and its REIT has its headquarters.

Located at 2800 Post Oak Rd., the office building is more than95% leased to tenants including Rowan Cos., QuantaServices and Cadence Bancorp. Hinesdeveloped the trophy asset in the early 1980s, when it was dubbedthe tallest skyscraper in the world outside a CBD at the time ofits construction.

"Williams Tower is a special asset to Hines REIT and Hines,"says Charles Hazen, CEO of Hines REIT in a pressrelease. "Not only is it one of the REIT's most significantinvestments, it is also the global headquarters for Hines, and wewanted to choose the right firm to help us market the asset. We believe that the time is right to sell this asset and generatereturns for our investors, and we selected Jones Lang LaSallebecause of its outstanding reputation and access to major investorsaround the world, who we believe will be attracted to thisworld-class property. JLL's global capital markets team willinclude leaders from Houston, the U.S. and internationalmarkets."