Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Marking its first co-investment with TIAA-CREF, Allianz Real Estate, based in Munich, paid more than $200 million to acquire a 49% stake in the 1.7 million-square-foot Four Oaks Place. TIAA-CREF, which maintains the majority stake, will manage the 98%-occupied asset and Transwestern will continue leasing and property management activities.

Situated at 1300 Post Oak Blvd., Four Oaks Place consists of four class A office towers in the Galliera submarket. “We are excited to be making an attractive investment in this premier office project and working with TIAA-CREF, a premier long-term real estate owner,” says James Stolpestad, CEO of Allianz Real Estate of America in a press release. “This investment further diversifies our U.S. equity investment portfolio and provides exposure to one of the most dynamic markets driven largely by the energy sector.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.