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Texas  + Houston-Galveston  + Office  | 
15-story, fully leased 200 Park Place Picked up by Hines in Houston

Houston’s 200 Park Place Acquired by Hines

The 15-story all-glass structure was sold off by the original developer, Stonelake Capital Partners. JLL represented the seller and procured the buyer.

Completed in 2020, the 206,943 square foot 200 Park Place features a ninth-floor amenity level with a tenant lounge, conference center and 6,000 square foot outdoor landscaped terrace. In addition, the building houses a sushi restaurant on the ground level.

200 Park Place is part of the Park Place mixed-use development in the upscale River Oaks and Highland Village area. Stonelake assembled and planned the site which includes high-end residential buildings The Ivy and The James.

The fully leased property was no stranger to the buyer, “Hines emerged as the optimal buyer for this asset. Since they are headquartered in Houston, they understood better than anyone how special and permanent this location is.,” said JLL’s Kevin McConn.

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Kevin McConn

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
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