Thursday, October 10, 2013

Sale of Energy Corridor office buildings in Houston, TX closed by HFF

1250 Wood Branch and 11931 Wickchester, Houston, TX

HOUSTON, TX – HFF announced today that it has closed the sale of 1250 Wood Branch and 11931 Wickchester, two office buildings totaling 165,146 square feet in Houston’s Energy Corridor.

Martin Hogan
HFF marketed the properties on behalf of the seller, Peloton Capital Partners.  Dornin Investment Group purchased the assets for an undisclosed amount. The buildings were purchased on an off-market basis.

1250 Wood Branch has 102,880 square feet that is 88.9 percent leased, and 11931 Wickchester has 62,002 square feet and is 76.6 percent occupied.  The properties are located just north of Interstate 10 and west of Kirkwood in the Energy Corridor submarket in close proximity to Shell’s North American Headquarters.

The HFF team representing the seller was led by director Martin Hogan and senior managing director Dan Miller.

Dan Miller
               “Houston’s Energy Corridor has historically been one of the strongest and most stable office submarkets in the nation due to its base of energy companies as well as firms that provide services to the energy industry,” said Hogan.

 ”There is a lot of leasing activity in the Energy Corridor and the buyer was excited about the opportunity to acquire vacancy in this strong submarket.”

               Peloton Commercial Real Estate was formed in 2002 and today has a portfolio of more than 19 million square feet of leased and/or managed properties in Texas.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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