Monday, November 19, 2012

HFF closes sale of 777 Post Oak Boulevard in Houston, TX



777 Post Oak Boulevard, Houston, TX
HOUSTON, TX – HFF announced it has closed the sale of 777 Post Oak Boulevard, a 176,799-square-foot office building in Houston’s Galleria/West Loop submarket.

                HFF marketed the property on behalf of the seller, an institutional owner.  An international investing real estate fund managed by Credit Suisse AG in Switzerland purchased 777 Post Oak Boulevard for an undisclosed amount.  

Credit Suisse was advised by Lacy Ltd., an international real estate investment and advisory firm based in Washington D.C.  HFF also arranged acquisition financing for the buyer.

Robert Williamson
777 Post Oak Boulevard is located on 2.28 acres adjacent to Uptown Park and the 610 West Loop in Houston’s Galleria area.  The nine-story property was renovated in 1998 and is 100 percent leased.

                The HFF investment sales team representing the seller was led by senior managing directors Robert Williamson and Rusty Tamlyn

HFF’s debt placement team representing the real estate fund managed by Credit Suisse was led by associate director Corby Chaffin.

Rusty Tamlyn
 “This is the first purchase for an international investing real estate fund managed by Credit Suisse in the Houston market and represents the growing international buyer pool in the city of Houston.  The real estate fund managed by Credit Suisse is a Swiss-based, institutional investor that owns office assets in Boston, Chicago and Washington D.C.” said Tamlyn.

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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