Friday, September 26, 2008

Behringer Harvard buys One Briar Lake Plaza

Behringer Harvard has added One Briar Lake Plaza to its local collection of office properties.
The Dallas-based real estate company, through Behringer Harvard REIT I Inc., recently purchased the 20-story, Class A office building in West Houston from Crescent Real Estate Equities LLC, which is owned by Morgan Stanley. Terms of the deal were not disclosed.
Robert Williamson and Jeff Hollinden of Holliday Fenoglio Fowler LP represented Crescent in the sale.
One Briar Lake Plaza is located at 2000 W. Sam Houston Parkway S. The 502,000-square-foot building, constructed in 2000, received only minor damage to windows and landscaping during Hurricane Ike.
Following the local acquisition, Behringer Harvard REIT I owns an interest in 74 properties in the United States with approximately 25.6 million square feet of space. For more information see: www.houstonrealtyadvisors.com or www.houstonrealtyadvisors.net or www.edayres.com