12/31/2007

Grubb & Ellis brokers sale of San Antonio office building

by

Brookhollow Park

BHP Funding Corporation has acquired Brookhollow Park, a four-story office building in San Antonio, Texas for an undisclosed amount from Triple Net Properties, which sold the building on behalf of tenant-in-common investors.

Ryan Gallagher of Grubb & Ellis brokered the deal.

The building contains 102,000 square feet and was built in 2001. It is currently 94 percent leased to tenants including Carter & Burgess, IBM, Office Depot, Linebarger and Goggin, Blair & Sampson. The building, which was originally acquired in July 2002, is located at the corner of Highway 281 and Central Parkway North.

Gallagher is a senior VP in Grubb & Ellis' Newport Beach, Calif., office. He specializes in the disposition and acquisition of investment-grade commercial assets. He has been with the company since 2003 and is a former employee of RREEF.

Address: 17700 US Highway 281, San Antonio, Texas

Size: 102,000 square feet

Built: 2001

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Filed Under: Office

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