Saturday, December 20, 2014

HFF closes sale of and arranges acquisition financing for 3000 Post Oak in Houston’s Galleria submarket


3000 Post Oak, Galleria/Uptown  submarket, Houston, TX


Jeffrey Hollinden
HOUSTON, TX – HFF announced it has closed the sale of and arranged acquisition financing for 3000 Post Oak, a 441,523-square-foot, Class A office building in Houston’s Galleria submarket.

               HFF marketed the property exclusively on behalf of the seller, a joint venture between an affiliate of Five Mile Capital Partners LLC and Crocker Partners.  FG Asset Management purchased 3000 Post Oak for an undisclosed amount.  Additionally, HFF’s debt placement team worked on behalf of the buyer to secure acquisition financing.

               3000 Post Oak is situated within the Lakes on Post Oak office complex adjacent to the Galleria Mall and Loop 610 in the Galleria/Uptown District of Houston.  The 19-story property and attached parking garage are 100 percent leased to engineering and construction firm, Bechtel.


Trent Agnew
               The HFF investment sales team representing the seller was led by senior managing directors Jeff Hollinden and Dan Miller and director Trent Agnew.

               HFF’s debt placement team was led by senior managing director Wally Reid.

               “This is FG Asset Management’s first acquisition in Houston and is a great example of the strong interest that Korean investors and other foreign firms are showing in the Houston office market,” said Hollinden.  

“Well-located, Class A assets with quality tenancy and lease terms such as 3000 Post Oak are very much in demand by offshore capital.”

FG Asset Management (FG) is a Korean alternative asset management and financial services firm that specializes in real estate investment, private equity, and additional alternative investment strategies for Korean institutional investors. 

The firm’s headquarters is based in Seoul, with an office in Manhattan.  For other track record and information, please   visit http://www.fgam.co.kr/eng/operating/operating_list.asp

Wally Reid
  FG focuses on preferred equity, mezzanine debt, whole loans, and B-note positions in prime office, hotel, retail, and multi-family properties located in top tier markets of US and Europe.  


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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com

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