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| Hines REIT acquires Texas's second-tallest building The Houston office of US property giant Hines announced that Hines REIT has acquired Williams Tower, the 1.5 million-square-foot, 64-story tower at 2800 Post Oak Boulevard in Uptown Houston. The acquisition included an undivided interest in the adjacent 2.8-acre Waterwall Park and a 2.3-acre undeveloped land parcel across the street at 3009 Post Oak Boulevard. The seller, Transco Tower Limited, was represented by Cushman & Wakefield. Hines is the sponsor of Hines REIT, and is responsible for the acquisition, management and leasing of its assets. Williams Tower, which was completed in 1982, was developed by Hines, and has been managed and leased by the firm since then. At completion, the tower was known as Transco Tower for its major tenant, Transco Energy Corporation. In 1995, Transco was purchased by Williams Field Services Company, and the building was renamed in 1999. Designed by the legendary architect Philip Johnson with John Burgee, the tower was the world's tallest skyscraper outside of a city's central business district at completion. At 909 feet it is the second-tallest building in Texas. Building amenities include a retail bank and ATM in the lobby; a conference center; a lobby-level art gallery; a sundry shop, a drycleaners, a deli and a coffee bar. Parking is provided in an adjoining 12-level, 3, 200-space garage. write your comments about the article :: © 2008 Construction News :: home page |