FOR IMMEDIATE RELEASE
Hartman Income REIT, Inc., a Houston based Real Estate Income
Trust, announced today that Hartman 1960 Properties, LLC, its
jointly owned subsidiary, has purchased 616 FM 1960 from Koll Bren
Fund V (KBS).
The 142,194 square foot, eight (8) story building is located at
616 FM 1960 West, approximately five (5) miles from George Bush
Intercontinental Airport and adjacent to Interstate 45 and the
Hardy Toll Road.
Lead tenants at 616 FM 1960 include: Chase Bank a leading global
financial service firm, and AEI Engineering, a Houston based civil
engineering consulting firm. 616 Fm 1960 is currently 74%
occupied. 616 FM 1960 is located in the vibrant FM 1960
office submarket in North Houston, and Hartman Income REIT's
business plan is to stabilize the building at current submarket
rates.
Mark Lucescu of Lucescu Realty in Newport Beach, California
represented the seller, KBS, in the transaction and Dave Wheeler
and Julian Kwok represented the buyer, Hartman Income REIT.
HARTMAN INCOME REIT'S EXISTING PORTFOLIO
Hartman Income REIT, Inc., headquartered in Houston, Texas, is a
$300,000,000 Real Estate Investment Trust which owns and/or manages
30 properties and 3,500,000 square feet of office, industrial and
retail space in Houston,
Dallas and San Antonio, Texas. For more information, please
contact Dave Wheeler, at 713-467-2222.