Deal of the week: Tower above Hermann Park finds buyer

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One of the twin residential towers perched above Hermann Park just off Texas 288 has been sold to a joint venture that has rebranded the property and taken over management and leasing.
PGIM Real Estate and Houston-based Hanover Co. formed a joint venture to acquire the upscale building, previously known as Mosaic at Hermann Park.
The 29-story tower is now known as Hanover Hermann Park. The other tower is still called Mosaic.
Hanover will handle leasing, operations and management for the 396 apartments in its tower. The building also has 20,087 square feet of first-floor retail space.

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