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.
Hanover will handle leasing, operations and management for the 396 apartments. The building also has 20,087-square-feet of first-floor retail space.