EX-99.1
2
ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Exhibit
99.1
HARTMAN
MANAGEMENT
1450
West Sam Houston Parkway North # 100
Houston,
Texas 77043
713-467-2222
Press
Release
Contact:
David Lapin
Phone:
(713)586-2680
FOR
IMMEDIATE RELEASE
November
22, 2005
HARTMAN
MANAGEMENT ADDS TO DALLAS PORTFOLIO
·
HOUSTON,
TX, NOVEMBER 22, 2005:
Hartman Commercial Properties REIT, a Houston based Commercial
Property
Real Estate Investment Trust announced today that it has purchased
the
Amberton
Tower
office building.
·
The
property consists of a 254,000 square foot, Class B+ office building
located on North Central Expressway between Haskell Avenue and
Fitzhugh
Avenue in Dallas, Texas. The building which was constructed in
1982 and
renovated in 1993 sits on a 2.98 acre tract, and is currently
75%
occupied. Hartman Management will manage the property for the
REIT.
Steve Simon of Transwestern represented the seller and Dave Wheeler
and
John Crossin represented the
buyer.
HARTMAN
MANAGEMENT'S EXISTING DALLAS PORTFOLIO
·
This
purchase becomes the 4th significant acquisition that Hartman
Management
has completed in the Dallas
marketplace
~
MORE
~
within
the past 2 years. In April 2004, Hartman R.E. Income Properties XVII, L.P.
purchased the 10-story, 198,000 square foot North
Central Plaza I
office
building at the southwest corner of North Central Expressway and LBJ Freeway.
In
August 2004 Hartman R.E. Income Properties XVIII, L.P. purchased Park
Central I
a
128,000 square foot, eight-story office building located in the same LBJ
Freeway
(I-635) and Central Expressway (I-45N) corridor. In August 2005 Hartman
Commercial Properties REIT purchased the 9101
LBJ Freeway
Office
Building, a 126,000 square foot office building located just east of the
new
High-Five interchange at Central Expressway (US 75) and LBJ Freeway
(IH-635).
·
Hartman
Management's Chief Investment Officer, John Crossin, said that "We
continue to see opportunity in the Dallas marketplace. We are
quite
optimistic on Dallas' future because of the city's improving leading
economic indicators. We intend to continue our buying program
as long as
the fundamentals continue to look
attractive".

EX - 99 . 1 2 ex99 - 1 . htm EXHIBIT 99 . 1 Exhibit 99 . 1 Exhibit 99 . 1 HARTMAN MANAGEMENT 1450 West Sam Houston Parkway North # 100 Houston , Texas 77043 713 - 467 - 2222 Press Release Contact : David Lapin Phone : ( 713 ) 586 - 2680 FOR IMMEDIATE RELEASE November 22 , 2005 HARTMAN MANAGEMENT ADDS TO DALLAS PORTFOLIO · HOUSTON , TX , NOVEMBER 22 , 2005 : Hartman Commercial Properties REIT , a Houston based Commercial Property Real Estate Investment Trust announced today that it has purchased the Amberton Tower office building . · The property consists of a 254,000 square foot , Class B + office building located on North Central Expressway between Haskell Avenue and Fitzhugh Avenue in Dallas , Texas . The building which was constructed in 1982 and renovated in 1993 sits on a 2.98 acre tract , and is currently 75 % occupied . Hartman Management will manage the property for the REIT . Steve Simon of Transwestern represented the seller and Dave Wheeler and John Crossin represented the buyer . HARTMAN MANAGEMENT 'S EXISTING DALLAS PORTFOLIO · This purchase becomes the 4th significant acquisition that Hartman Management has completed in the Dallas marketplace ~ MORE ~ within the past 2 years . In April 2004 , Hartman R . E . Income Properties XVII , L . P . purchased the 10 - story , 198,000 square foot North Central Plaza I office building at the southwest corner of North Central Expressway and LBJ Freeway . In August 2004 Hartman R . E . Income Properties XVIII , L . P . purchased Park Central I a 128,000 square foot , eight - story office building located in the same LBJ Freeway ( I - 635 ) and Central Expressway ( I - 45N ) corridor . In August 2005 Hartman Commercial Properties REIT purchased the 9101 LBJ Freeway Office Building , a 126,000 square foot office building located just east of the new High - Five interchange at Central Expressway ( US 75 ) and LBJ Freeway ( IH - 635 ) . · Hartman Management 's Chief Investment Officer , John Crossin , said that " We continue to see opportunity in the Dallas marketplace . We are quite optimistic on Dallas ' future because of the city 's improving leading economic indicators . We intend to continue our buying program as long as the fundamentals continue to look attractive " .
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Advisors.CONSULTANT I-Advisors.CONSULTANT O B-Advisors.GENERIC_CONSULTING_COMPANY O O O O B-Advisors.CONSULTANT I-Advisors.CONSULTANT O B-Advisors.CONSULTANT I-Advisors.CONSULTANT O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O