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Tuesday, January 06, 2009 Office
Jeff Hollinden and Scott Galloway of Holliday Fenoglio Fowler LP represented the seller, Hines. Hines will continue to manage the 23-year-old, 46-story office building located at 700 Louisiana St. in downtown Houston. Houston based PM Realty Group will oversee leasing for the two buildings, which were 93 percent occupied at the time of the sale. Tenants include Bank of America, KPMG, Deutsche Bank and Bear Energy. The adjacent 966-space Alley Theatre garage was also included in the deal. Designed by the architectural team of Philip Johnson and John Burgee, the building was developed by Gerald Hines and completed in 1983. With 78 years of experience, GE Asset Management is one of the largest managers of institutional assets in the United States. They have nearly $200 billion in assets. The Novati Group is a Dallas-based asset management firm focused on real estate and alternative investment strategies. It was launched in early 2007. Address: 700 Louisiana St., Houston, Texas Size: 1,268,480 square feet Built: 1983 Architect: Philip Johnson and John Burgee Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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