Lakes on Post Oak is a commercial complex located in Uptown Houston, Texas, United States.
The complex includes the 19-story 3000 Post Oak Boulevard, the 22-story 3040 Post Oak Boulevard, and the 17-story 3050 Post Oak Boulevard. Each building has a dedicated parking garage. Together the buildings, on a 23-acre (93,000 m2) site, have 1,200,000 square feet (110,000 m2) of Class A office space.
Video Lakes on Post Oak
HistoryEdit
Hines Interests Limited Partnership developed Lakes on Post Oak as an integrated office project between 1979 and 1981. The 44,200-square-foot (4,110 m2) 3040 Post Oak Boulevard building opened in 1982. The buildings were originally owned by Hines.
In 1997 Cottonwood Partners, a Dallas-based company, bought a portion of Lakes on Post Oak, consisting of 3000 Post Oak Boulevard and 3050 Post Oak Boulevard In 1997 the combined value of all of the buildings in Lakes of Post Oak were between $138 million to $150 million ($110-120 per square foot). Logan Brown, an office broker of Grubb & Ellis, said that the complex's "unique views of the lake, proximity to the Galleria and the fact that the lakes have become a gathering place during the day and in the evenings" make the complex "the only one in Houston that is widely appealing to office and non-office users."
Before 2002, 3040 Post Oak Boulevard was owned by Nippon Life. In 2002 Koger Equity, Inc. acquired the entire Lakes on Post Oak project for $102 million ($85 per square foot) from Cottonwood and Nippon Life, reunifying the complex. Thomas Crocker, the Chief Executive Officer of Koger Equity, said Its 'suburban in-fill' characteristics combined with the fact that the properties were purchased at a significant discount to replacement cost integrates perfectly with our long-term investment strategy." As of 2002 the Lakes on Post Oak complex was 75% occupied. In 2003 Koger announced that Trammell Crow would manage and lease units in the complex.
Maps Lakes on Post Oak
BuildingsEdit
3000 Post Oak BoulevardEdit
3000 Post Oak has about 450,000 square feet (42,000 m2) of space. In 1997 3000 Post Oak Boulevard was 100% occupied and housed Bechtel.
3040 Post Oak BoulevardEdit
3040 Post Oak has about 450,000 square feet (42,000 m2) of space. In 1997 3040 Post Oak Boulevard was 95% occupied. The Consulate-General of Angola is in Suite 780. In 2009 Opicoil Houston renewed and expanded its lease at 3040 Post Oak Boulevard.
3050 Post Oak BoulevardEdit
3050 Post Oak has about 350,000 square feet (33,000 m2) of space. In 1997 3050 Post Oak Boulevard was 97% occupied. In 2009 Galway Group renewed and expanded its lease in 3050 Post Oak Boulevard. The Consulate-General of Argentina was formerly located in Suite 1625 - As of June 2, 2009 it is located in a different facility in Uptown.
GalleryEdit
See alsoEdit
- List of tallest buildings in Houston
- List of tallest buildings in Texas
ReferencesEdit
External linksEdit
- Lakes on Post Oak
Source of article : Wikipedia
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