HOUSTON – CBRE announced the sale of One Oak Park in Houston’s Westchase District to Clarion Partners. One Oak Park is a recently constructed, 100 percent leased Class A office building containing 153,342 sf. A 4.2-acre adjacent land parcel on Rogerdale Roads was included in the sale.
Bernard Branca and Jared Chua of CBRE arranged the transaction on behalf of the sellers, The Carlyle Group, via Carlyle Realty Partners V and Means-Knaus Partners.
“Investors were attracted to these assets due to their exceptional Westchase location, being situated in a deed-restricted and architecturally controlled office park that is a premier destination for some of Houston’s most prominent corporations,” said Bernard Branca, senior vice president of CBRE.