Partnership sells interest in Houston high-rise

Buyer banks on location, recent job growth

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Transwestern Investment Co.'s equity fund, Aslan Realty Partners III LLC, acquired a joint-venture interest in a 21-story office building in Houston, Texas, for an undisclosed price. The property, 1800 West Loop South, totals 400,000 square feet of class A space in the West Loop/Galleria area and had been fully owned by a Miami-based real estate partnership, 1800 West Loop Houston Ltd. " ... This investment is an attractive opportunity for Aslan III given the core nature of this location, recent increased job growth in Houston, and the tightening of the Galleria submarket," said Erwin Aulis, CIO of Transwestern Investment Co." Founded in 1996, Chicago-based Transwestern Investment Co. invests in commercial real estate nationwide. ...