GE Real Estate Buys 206,000-SF Office Bldg. in Houston

GE Real Estate purchased Oak Park Office Center II, a 206,362-square-foot Class A office building in Houston, TX, from Realty Associates Oak Park II LP, a development venture between TA Associates Realty and Myers, Crow & Saviers Ltd. for an undisclosed amount. Harris County Appraisal District values the property at about $16 million, or about $77.50 per square foot. Completed in 2006, Oak Park Office Center II is fully leased to The Men’s Warehouse corporate headquarters. The office is on 18 acres at 6380 Rogerdale Road in the Oak Park Business Park, near the Westpark Tollway and Sam Houston Parkway. Oak Park Office Center II has been pre-certified by the U.S Green Building Council (USGBC) to meet the LEED Core and Shell requirements for the design and construction methods. HFF managing directors Robert Williamson and Jeff Hollinden, and Barbara Guffey, an associate director, led the investment sales team on behalf of the seller. fOR MORE INFORMATION SEE: www.houstonrealtyadvisors,com or www.houstonrealtyadvisors.net