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GlobeSt.com EXCLUSIVE: $167 Per SF Turns Office Deed

HOUSTON-Behringer Harvard Funds acquires the Enclave on the Lake, a 171,091-sf suburban office building in the Energy Corridor. The price per sf is one of the highest paid for a suburban building in the region's history.

By Jennifer Brenner Andrade | Updated on April 16, 2004

HOUSTON-The Enclave on the Lake, a 171,091-sf suburban office building in West Houston, has sold to Dallas-based Behringer Harvard Funds. The Energy Corridor building traded for $167 per sf or $28.6 million, one of the highest prices to be paid for suburban product in the region.

The selling price is equal to what was paid in 2000 for 1100 Louisiana St. in the CBD. Enclave on the Lake, situated on 6.8 acres at 1255 Enclave Parkway, garnered 10 offers and went under contract within 60 days of hitting the market in November 2003, Jim Savage with Houston-based Holliday Fenoglio Fowler LP tells GlobeSt.com. He and HFF’s Barry Brown in Dallas held the listing for Dallas-based Invesco.

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