Iconic Tower Sale Bolstered by Healthy Tenant Roster

August 13, 2012
| Share | Print

Houston’s CRE market continues to show its strength as one of its iconic buildings goes up for sale. The landmark skyscraper, Williams Tower, is owned by a subsidiary of the Hines Real Estate Investment Trust. The 1.4-million-square-foot tower, originally named Transco Tower, was built by Hines in the early 1980s. It was bought by the REIT in 2008 for $271.5 million, from Kuwaiti owners. Market experts speculate that the 64-story tower could garner as much as $475 million this time around.

Full Article Access:

Full access to complete articles from Commercial Tenant's Lease Insider is for subscribers only.

Not yet ready to subscribe?