HOUSTON-HFF has been tapped to market the 356-unit, class A 1200 Post Oak Boulevard multi-housing tower in the Galleria/Uptown submarket on behalf of the seller, a New York City pension fund advisor. Though competed in 2003, the property is being marketed with value-add opportunities for investors.
Though an asking price isn't attached to the offering, the Harris Central Assessment District values the 33-story property at $58.2 million. The tower is situated just west of Interstate Loop 610 adjacent to Uptown Park in the northern portion of Houston’s Galleria/Uptown District.
“1200 Post Oak is an iconic building that anchors the northern skyline of the Galleria/Uptown district,” commented HFF senior managing director Craig LaFollette in a press release. “The property is proximate to the most anticipated new developments underway in the area, including the first new office towers in three decades, which are expected to generate more demand for luxury housing.” LaFollette is leading the team representing the property's seller.
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