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HOUSTON-Following an eight-year hold and a capital investment of $3.7 million, partners Easton Group of Miami, Chuck Cobb, Jorge Perez and Pearlmark Real Estate Partners LLC are ready to dispose of the 400,101-square-foot 1800 W. Loop South. Easton Group acquired the class A office building in 2004 for approximately $30 million, with Aslan Realty Partners buying a stake in 2006.

There is no ask on the Galleria submarket asset, however, similar product in that submarket has traded for between $225 and $270 per square foot. The marketing and bid timelines haven’t yet been set, but CBRE vice chairman Russell Ingrum says if all goes according to plan, the transaction should close by year-end.

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