HOUSTON, TX-CBRE announced today the sale of One Oak Park in Houston's Westchase District to Clarion Partners, a leading real estate investment manager. One Oak Park is a recently constructed, 100% leased Class A office building containing 153,342 square feet and a fully-entitled 4.2-acre adjacent land parcel.
Bernard Branca and Jared Chua of CBRE arranged the transaction on behalf of the sellers, The Carlyle Group, via Carlyle Realty Partners V and Means-Knaus Partners.
“Investors were attracted to these assets due to their exceptional Westchase location, being situated in a deed-restricted and architecturally controlled office park that is a premier destination for some of Houston's most prominent corporations,” said Bernard Branca, senior vice president of CBRE.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
