Thursday, December 13, 2012

Sale of West Loop I and II in Houston, TX closed by HFF



West Loop I and West Loop II, Houston, TX
HOUSTON, TX – HFF announced today that it has closed the sale of West Loop I and II, a two-building, Class A office complex totaling 313,873 square feet in Houston, Texas.

                HFF represented the seller, Chase Merritt, in the sale of the property to KBS Realty Advisors.  The purchase price is confidential. 

                The complex is located in the unincorporated City of Bellaire just south of the Galleria and close to the central business district and the Texas Medical Center, the largest medical complex in the world.  

Dan Miller
The City of Bellaire has stringent zoning regulations providing major barriers-to-entry.  Key tenants at the complex include Synergy Healthcare, The Rand Group, Bridgeway Software and BBC (USA).

                The HFF investment sales team representing the seller was led by director Martin Hogan and senior managing directors Dan Miller and Robert Williamson.

Robert Williamson
 Chase Merritt is a private real estate asset management and investment management firm headquartered in Newport Beach, California.   The firm acquires, develops, manages, and repositions distressed, opportunistic, value add and core plus residential and commercial real estate properties throughout the United States.

KBS Capital Advisors is an affiliate of KBS Realty Advisors, a private equity real estate company and SEC-registered investment advisor founded in 1992.  Since its inception, KBS Realty Advisors and its affiliated companies have completed transactional activity of approximately $25 billion via 14 separate accounts, six commingled funds, five sovereign wealth funds and five non-traded REITs.  For information, visit.

 For a complete copy of the company’s news release, please 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 |

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