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HOUSTON-Principal Real Estate Investors sold the 145,114-square-foot Reserve at Park Ten office building to a subsidiary of CapLease Inc. The buyer paid approximately $35.5 million for the three-year-old building, which is 100% occupied.

Bernard Branca, Jared Chua and Russell Ingrum of CBRE represented Principal in the disposition of the property at 15721 Park Row, which is situated on the Interstate 10 corridor in far west Houston. This area is known as the “Energy Corridor,” because many energy companies have taken space in the office buildings lining Interstate 10.

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