Williams Tower up for sale

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by khou.com staff

khou.com

Posted on August 7, 2012 at 11:14 PM

Updated Wednesday, Aug 8 at 7:00 PM

HOUSTON—One of Houston’s most iconic skyscrapers is up for sale, according to the Houston Chronicle. 

Williams Tower, which sits on Post Oak near the Galleria, is owned by a subsidiary of the Hines Real Estate Investment Trust.

The 64-story tower sold for nearly $272 million in 2008.

This time around real estate experts said it could fetch a lot more—up to $475 million.

Transco Energy is its biggest tenant.  

Lauren Stirl was outside the tower  Wednesday admiring the 64-story structure.

“It helps the city have a better look to it,” she said.

Williams is said to be the tallest building outside any downtown in the United States.

It has a lot of office space, which is now harder to find in Houston.

“Properties like this don’t come around very often and they are very desirable when they do,” said Houston Chronicle Real Estate Reporter Nancy Sarnoff.

Booming Energy companies are bringing in more workers and need the space. That’s driving up the price.

An office rental company called Servcorps said businesses are eager to call Williams Tower home.

“They love to meet here,” Manager Kristin Ellis said.

One man who owns a company that sells pink tequila agreed.

“(Williams Tower is) close to everything, you can be anywhere in just minutes,” he said.

The 30-year-old building sits in the middle of the Galleria Financial District.

 

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