The Woodlands, TX – November 1, 2010 – The Woodlands, TX – Black Forest Ventures announced today the announced the acquisition of the 5050 Westheimer Building.
The newly acquired property is in one of Houston’s most popular neighborhoods, among a dynamic mix of office buildings, shopping centers, high-end restaurants, hotels and entertainment venues. The 5050 Westheimer building is situated on 1.57 acres, consisting one five-story office building completed in 1964 (fully renovated in 1999 and 2000) and a six-level covered parking garage. The 71,000 square feet office space includes incomparable, sophisticated interior finishes.
Dr. Dirk Laukien, Founder and President for Black Forest Ventures commented, “We are pleased to include this prestigious address to our global commercial real estate portfolio. Black Forest Ventures’ primary focus on the Texas real estate market has traditionally been in The Woodlands area. The addition of this new asset, as well as the recently acquired 17000 Katy Freeway addresses in 2010 fit our expansion plans in the Greater Houston area.”
The 5050 Westheimer is ideally situated for use as a single tenanted, corporate headquarters location or for repositioning as a premier, multi-tenanted office property. The office building features moderately-sized, symmetrical floor plates with a typical size of 19,600 square feet. Each floor permits a balance of interior workspace and extensive perimeter offices and conference rooms.