Thursday, December 6, 2012

Pearlmark Sells Houston's 1800 W. Loop Bldg. for $68.5 M




National Commercial Real Estate News From CoStar Group





Pearlmark Sells Houston's 1800 W. Loop Bldg. for $68.5 M



Pearlmark Real Estate Partners sold the 1800 West Loop Building in Houston for approximately $68.5 million or $168 per square foot.

KBS Strategic Opportunity REIT purchased the Class A asset with funds from initial public offering, but said it may later place mortgage debt on the property.

Built in 1982 and renovated in 2005, the 21-story, 406,634-square-foot office building is in the Galleria/Uptown submarket. It was 88 percent occupied by...






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