Sale of six-building office portfolio in south Houston closed by HFF

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of a six-building, 225,859-square-foot office portfolio in the NASA/Clear Lake submarket of Houston, Texas.

The HFF investment sales team was led by senior managing director Dan Miller (bottom left photo) and associate director Marty Hogan,(middle right photo) who represented the seller, KBS Realty Advisors.

The properties were purchased by John Cole of Twenty Twenty Properties, Inc. for an undisclosed amount. Twenty Twenty Properties owns, manages and leases 20 office buildings in the Houston area.

HFF managing director Susan Hill (top left photo) arranged financing for the purchase through Viewpoint Bank.

“The marketing campaign had just begun when a very compelling preemptive offer was received and the ownership decided to take it,” said Miller.

The properties are located in south Houston near NASA, approximately 20 miles southeast of the central business district. Individual property details are listed below.
Armand Plaza (top right photo)– 16441 Space Center Boulevard 64,000 Square Feet 100%, Four Buildings

Camino Center I – 17629 El Camino Real 81,108 Square Feet 92.1%

Camino Center II – 17625 El Camino Real 80,751 Square Feet 74.7%

KBS Realty Advisors is a private equity real estate company and SEC-registered investment advisor founded in 1992 by Peter Bren and Chuck Schreiber.

CONTACTS:

H. Dan Miller, CCIM, SIOR, HFF Senior Managing Director, 713 852 3500, dmiller@hfflp.com

Martin T. Hogan, HFF Associate Director, 713 852 3500, mhogan@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com