7/14/2008

CBRE acquires Houston office building for $37.25 million

by Michael Wayne
CB Richard Ellis acquired the 171,091 square foot Enclave on the Lake for $37.25 million. The Class A office building is located in Houston's energy corridor.

CBRE Realty Trust and CBRE Investors worked to together to obtain the property, which sold for $217.72 per square foot.

The six-story building, located at 1255 Enclave Parkway, is occupied by an engineering firm and features a cafeteria and a workout facility.

Address: 1255 Enclave Parkway Houston, Texas

Size: 171,091 square feet

Built: 1999

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Filed Under: Office

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