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San Felipe Plaza: Office Skyscraper At 5847 San Felipe St.


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San Felipe Plaza, Sunset, originally uploaded by zoomanderson1.
San Felipe Plaza bids adieu to another day in Houston. The architect, Richard Keating, once told HAIF that it was one of his favorites. Shame about the location, though. It so often gets overlooked. A little closer to Uptown or downtown would have done wonders.

Thanks to zoomanderson1 for the photo from the HAIF Flickr group.
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  • The title was changed to San Felipe Plaza: Office Skyscrape In Tanglewood
  • The title was changed to San Felipe Plaza: Office Skyscraper In Tanglewood

HOUSTON – (Realty News Report) – The Raymond James & Associates wealth management firm has leased 60,219 SF in San Felipe Plaza, a skyscraper in Houston’s Tanglewood area.

Raymond James leased three full-floors in the 980,000-SF building, located at the corner of San Felipe Street and Augusta Drive.

Raymond James has been a tenant of the recently renovated 46-story building for nearly 30 years. Raymond James was represented in the transaction by Todd Brandon, David Guion, Joe Rambin and Grant Goodwiller of Cushman & Wakefield; Rima Soroka and Eric Siegrist led efforts on behalf of Parkway Property Investments, the owner of the tower.

https://realtynewsreport.com/major-lease-signed-in-san-felipe-plaza/

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  • The title was changed to San Felipe Plaza: Office Skyscraper At 5847 San Felipe St.
  • 8 months later...

https://www.bizjournals.com/houston/news/2023/03/30/san-felipe-plaza-sells-ny-investor.html

"Orlando-based Parkway Property Investments has sold off a prominent Uptown office tower, taking a significant loss compared to when the building last traded hands.

New York-based Sovereign Partners paid $82.8 million to buy San Felipe Plaza at 5847 San Felipe St., according to data compiled by Reonomy, an online real estate data platform. Sovereign Partners confirmed the company is the new owner of the property. However, Sovereign Partners did not immediately respond to requests for comment on the details of the transaction.

The amount Sovereign Partners paid is a little more than half what Los Angeles-based Thomas Properties Group Inc. paid for the 46-story office tower in 2005, according to Reonomy. At the time, Thomas Properties Group paid $156.5 million, Reonomy said. The latest purchase price is also significantly less than the tower's appraised value of $219 million, according to Harris Central Appraisal District records."

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