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Real Estate - JULY 27, 2022

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Hines Global Income Trust acquires boutique office building in Houston

by Andrea Zander

Hines, a global real estate firm, announced that Hines Global Income Trust (HGIT) has acquired 200 Park Place in Houston for $145 million. The seller was Stonelake Capital Partners.

As one of the most highly sought-after office buildings in Houston, the state-of-the-art project, which totals more than 206,000 square feet, is part of an upscale mixed-use community within Houston’s Inner Loop, making it a premium location.

Located at 400 Westheimer Road, the building  is 100 percent leased to a diverse roster, with JLL and Buckeye Partners serving as the anchor tenants. Surrounded by walkable high-end shops, restaurants and green space, 200 Park Place offers tenants a unique live-work-play experience. Completed in April 2020, the building is WELL and LEED certified and is fully electric, exceeding current local codes relative to sustainability and performance requirements.

Completed in 2020, 200 Park Place features 15 stories of best-in-class office space highl

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