20-story Texas tower trades.
HOUSTON: Behringer Harvard announced its acquisition of One BriarLake Plaza, a 20-story tower that provides more than half a million square feet of office space and is widely recognized as one of the top office properties in Houston.
One BriarLake Plaza was built in 2000 on more than nine landscaped acres fronting the Sam Houston Parkway in west Houston. The building features a granite plaza, a lake near the front entrance, a lobby with polished granite and sycamore wood finishes, a full-service bank branch, a deli and climate-controlled access to an adjacent seven-level parking garage. With a parking ratio of 4.2 spaces per 1,000 s/f, One BriarLake Plaza provides more parking space than many similar properties in the surrounding Westchase submarket. Immediately adjacent to the property is Briar Lake Village, a two-level, 36,000 s/f retail center that includes four casual restaurants, two freestanding branch banks and service retail tenants.
Prior to closing, an initial assessment of the effect of Hurricane Ike on the One BriarLake Plaza property indicated only minor damage to windows and landscaping. Tenants resumed normal business operations on Sept. 16.
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|Title Annotation:||NATIONAL ROUND-UP|
|Publication:||Real Estate Weekly|
|Article Type:||Brief article|
|Date:||Oct 22, 2008|
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