The One Esterra Park sale is purportedly a sign that capital markets are beginning to stabilize, Mike Hubbard of Capstone Partners, which co-developed the $1.3 billion Esterra Park with PGIM, told the Business Journal. Boston-based Capstone and Houston-based Lionstone Group began construction at the Esterra Park site in 2013 after paying nearly $32.6 million for the future Esterra Park property that year. The seven-story building is located in the 28-acre Esterra Park mixed-use development, also home to 2,600 apartments, a dual-branded Aloft and Element hotel and 3-acre park. Microsoft’s landlord is cashing in after selling offices occupied by the computer giant. Help your students connect and achieve more together, whether in the classroom, at home, or around the globe online with collaborative tools. Spark creativity and collaboration in any learning environment with a variety of Microsoft 365 apps and free templates to choose from.
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Four years later, Capstone considered building more housing at Esterra Park in place of the planned office building that eventually went up. At the time, Microsoft was believed to be interested in such offices, though it hadn’t pre-leased any space and was reportedly using its current space more efficiently. The sales price is more than three times its current assessed valuation, according to the Business Journal.
- Microsoft’s landlord is cashing in after selling offices occupied by the computer giant.
- Spark creativity and collaboration in any learning environment with a variety of Microsoft 365 apps and free templates to choose from.
- The Microsoft 365 Copilot app brings together your favorite apps and Copilot in one intuitive platform.
- Create equitable learning environments that help students develop knowledge with familiar apps essential to both academic and future career success.
- The Microsoft 365 Copilot app brings together your favorite apps in one intuitive platform that keeps your data secure with enterprise data protection.
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Create equitable learning environments that help students develop knowledge with familiar apps essential to both academic and future career success. The Microsoft 365 Copilot app brings together your favorite apps in one intuitive platform that keeps your data secure with enterprise data protection. Explore learning tools to collaborate on projects together and independently, all in one place. Microsoft 365 empowers your organization to organize, and safely store files in OneDrive with intuitive and easy organizational tools.