West Loop South office building has now a new owner

The a 202,000-square-foot office building has now a new owner Parmenter Realty Partners, based in Miami. The company has paid hard cash to own the real estate located at 2200 West Loop South from KBS Real Estate Investment Trust Inc. although the amount was not disclosed.

The commercial real estate is adjacent to the Intercontinental Hotel on Loop 610 in the Galleria area and it is now 87% leased to tenants including Morgan Stanley and Tenaris.

The property was built in 1974 and given a face lift in 2000.

KBS Real Estate Investment Trust, which is part Newport Beach, Calif.-based KBS Realty Advisors, was represented in the transaction by Dan Miller and Marty Hogan with Holliday Fenoglio Fowler LP.

Posted by Istvan Fekete on Feb 17 2012. Filed under Commercial, Housing. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry