4545 POST OAK PLACE
Like Prosperity Bank Plaza (our first acquisition in metropolitan Houston), 4545 Post Oak Place enjoys an exceptional location near River Oaks within the Galleria area of the city. Set within Post Oak Park, a mixed-use master planned development of high-quality office buildings, hotels, restaurants, retail establishments and well appointed homes, this three-story brick and glass building has a history of extremely high occupancy, anchored by many longstanding tenants. Its appealing design includes a beautiful entryway, framed both near and far by mature trees that provide the entire area with its unmistakable stamp of identity. A good mix of small suite sizes helps to diversify leasing risk, while Houston's real estate comeback of recent years should allow us to systematically bring rents up to market value as leases are renewed throughout the complex.