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SHORENSTEIN CLOSES ACQUISITION OF CLASS A OFFICE TOWER

Posted on by in Office, Texas

HOUSTON — Shorenstein Properties LLC has purchased 5 Post Oak Park, a 28-story, Class A office tower in Houston. Located at 4400 Post Oak Pkwy. in the Galleria submarket, the 567,396-square-foot building is 93 percent leased to tenants such as Amegy Bank, UBS and Willbros USA. A partnership between GE Asset Management Inc. and Crescent Real Estate Equities LP sold the property, which also includes an adjacent 1,673-space parking structure. Shorenstein Properties made the purchase on behalf of its ninth investment fund, Shorenstein Realty Investors Nine, LP. The Houston office of Holliday Fenoglio Fowler represented the seller in the transaction.

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