Trey Halberdier with the Houston office of Cresa Partners tells GlobeSt.com that talks produced a below-market deal with a large allowance for tenant improvements to the class A space. He and Kevin Hodges, also with Cresa, represented AmREIT, which was in the market several months reviewing options in the Greenway Plaza submarket.
AmREIT last week moved from the eighth floor of the 15-story, 255,305-sf building, owned by Crescent Real Estate Equities Ltd. of Fort Worth. The 4.3-million-sf Greenway Plaza is 86% leased, with the quoted rent standing at $19 per sf. Warren Savery was Crescent's in-house representative for the talks.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
