Monday , 20 January 2020
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Lionstone Buys Pair of Buildings in The Woodlands

HOUSTON – The Lionstone Group, a private real estate investment firm purchased the Waterway Plaza I & II office buildings in The Woodlands, north of Houston. The two Class A office buildings contain a total of 366,000 square feet.

Trent Agnew, Robert Williamson and Jeff Hollinden of Holliday Fenoglio Fowler represented the seller, Daymark, in the transaction.

Lionstone previously owned the buildings from 2003-2005. This is Lionstone’s sixth acquisition for  its Cash Flow Real Estate Partners One (L-CFRE) fund.

L-CFRE One targets office, multifamily, retail and industrial assets that meet certain yield, location and occupancy tests. With leverage the venture has the ability to acquire approximately $500 million of real estate. As General Partner, Lionstone has full discretion to make acquisitions and to manage the portfolio.  Lionstone has committed $190 million (75 percent) of the fund over the last 24 months in buildings in Austin, Raleigh, NC, and Santa Monica and Westlake Village, CA.

Lionstone was formed in 2001 by partners Tom Bacon, Dan Dubrowski, and Glenn Lowenstein.

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