Houston: Miami Group Buys 800,000-sf Brookhollow Office Complex

In Houston, Parmenter Realty Partners has purchased Brookhollow Central, a three-building office complex totaling 800,000 sq ft, on the northwest part of Loop 610 in Houston, as stated by a report by Katherine Feser of the Houston Chronicle.

The seller was TPG CalSTRS, a joint venture of Thomas Properties Group and the California State Teachers Retirement System.

Miami-based Parmenter also owns the Woodland Park Plaza building in the Westchase area of Houston.

Brookhollow is a value-add purchase. The 11-story Brookhollow Central I building, formerly home to the Harris County Appraisal District (HCAD), is 100 percent vacant.