HOUSTON, TX – HFF announced it has been named to market for sale 135.76 acres of land, which served as the former KBR headquarters (top left aerial photo), in Houston, Texas.
HFF is marketing the property on behalf of the seller, KBR, for an undisclosed amount free and clear of debt.
The property is located at 4100 Clinton Drive less than one mile from downtown Houston and contains nearly a mile of water frontage on Buffalo Bayou.
In addition, the location provides access to the area’s major freeways and mass transit facilities.
Five existing office buildings totaling approximately 720,000 square feet, and a 36,000-square-foot employee center that includes a cafeteria, gymnasium and day care facilities are currently situated on the site.
The HFF investment sales team representing the seller is led by managing director Davis Adams (lower left photo).
“We are very pleased to announce this extremely rare opportunity. This is one of the largest land sites in the United States with immediate proximity to a major metropolitan area’s central business district, which makes it a prime location for major infill redevelopment,” commented Adams.
“The site is fully open to a wide variety of development opportunities, particularly considering Houston’s standing as one of the best performing markets with some of the strongest job growth in the nation.”
KBR (NYSE: KBR) is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.
Contacts:
DAVIS ADAMS
HFF Managing Director
(713) 852-3500
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500
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