HOUSTON, TX – HFF announced today that it acted as an advisor to Brookfield Office Properties for the sale of 1400 Smith Street (top left photo) a 1.3-million-square-foot office tower in downtown Houston.Brookfield Office Properties sold the property to Chevron, which leases the entire building, for $340 million.
1400 Smith Street, also known as Four Allen Center, is located just east of Interstate 45 in downtown Houston. Chevron has leased the entire 50-story property since 2006.
The HFF team advising Brookfield Office Properties included senior managing directors Jeff Hollinden and H. Dan Miller.
“The sale of 1400 Smith is yet another example of a user sale, a trend that has been occurring on a fairly regular basis as of late. Six buildings have sold to users so far this year and a total of eight have sold to users over the past 18 months totaling more than 2.5 million square feet and representing more than $460 million in value,” said Miller.
Contacts:
Jeffrey A. Hollinden, HFF Senior Managing Director, (713) 852-3500, jhollinden@hfflp.com
H. Dan Miller, HFF Senior Managing Director, (713) 852-3500, dmiller@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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