HFF closes sale of Class A office building in Houston's Westway Park

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Cameron International Building,(bottom left photo)  a 210,000-square-foot, Class A office building within Westway Park in Houston, Texas.

The HFF investment sales team was led by senior managing directors Robert Williamson (top right photo)  and Jeff Hollinden (top left photo)  and associate director Barbara Guffey (bottom right photo) , who marketed the property on behalf of the seller, Beltway Assets LLC.

 A 1031 exchange entity controlled by Potamkin Automotive purchased the building for an undisclosed amount and assumed the 15-year remaining term mortgage.

Cameron International Building is located at 4646 West Sam Houston Parkway between Interstate 10 and U.S. Highway 290 in the 150-acre master-planned Westway Park campus in west Houston.

Completed in 2001, the nine-story, single-tenant property serves as the division headquarters for Cameron International’s Drilling and Production Systems group. The property also includes a 570-space parking garage.

“Cameron’s long-term lease matched with equivalent term in-place financing made the Cameron International Building a perfect candidate for a 1031 like-kind exchange,” said Williamson.

Contacts:

Robert E. Williamson, HFFSenior Managing Director, (713) 852-3500, rwilliamson@hflp.com
Jeffrey A. Hollinden, HFF Senior Managing Director, (713) 852-3500, jhollinden@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com