Behringer Harvard on Wednesday announced that it has acquired Northborough Tower, a 14-story office property in the Greenspoint submarket of Houston, Texas.
The value of the transaction was not disclosed.
Situated on 5.4 acres of land, Northborough Tower is located at 100 & 101 Glenborough Drive, which is west of Interstate 45 and approximately a half-mile north of Beltway 8. The building includes a four-story parking garage and an additional 2.3 acres of surface parking across the street.
At the time of sale, the single-tenant, approximately 206,553-square-foot property was occupied by Noble Energy Inc. with a lease term that extends until 2018. Noble employs more than 500 people and is engaged in the exploration, development, production, and marketing of oil and natural gas.
***
What’s your opinion? Leave your comments below or send a
letter to the editor.
