HOUSTON-A subsidiary of CapLease Inc., a real estate investmenttrust based in New York, has bought The Reserve at Park Ten, a145,114-square-foot office building in Houston's Energy Corridorsubmarket, for about $35.5 million. The seller was Principal RealEstate Investors.
The Class A office building, constructed in 2009, is 100%occupied. Jared Chua, Russell Ingrum and Bernard Branca from theHouston office of CBRE Group Inc. negotiated the deal on behalf ofthe seller. For the full story, go to Houston Business Journal .
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