Saturday, December 20, 2014

HFF closes sale of Class A suburban office building in northwest Houston, TX


Sam Houston Crossing I, 10343 Sam Houston Park Drive, Northwest Houston, TX


H. Dan Miller
HOUSTON, TX – HFF announced it has closed the sale of Sam Houston Crossing I, a Class A office building totaling 159,175 square feet in northwest Houston, Texas.

                HFF marketed the property on behalf of the sellers, Duke Realty Corporation and Chambers Street Properties. SH Crossing I, LP, a joint venture between Fuller Realty Partners, LLC & Independencia, acquired the property.

Sam Houston Crossing I is located in Houston’s West Belt Corridor off of the Sam Houston Parkway (Beltway 8) between the Northwest Freeway (U.S. 290) and Highway 249 at 10343 Sam Houston Park Drive. 

The three-story building was completed in 2007 with a typical floor plate offering 53,000 square feet of rentable space. 

  The building is 100 percent leased to six tenants, including U.S. Steel; Farmers Insurance Exchange; C.H. Robinson Project Logistic; Brock Enterprises, Inc.; Axon EP, Inc.; and AMEC Oil & Gas, Inc.

Martin Hogan
                The HFF investment sales team representing the seller included senior managing director H. Dan Miller, director Martin Hogan and real estate analyst John Rogers.

“Sam Houston Crossing I offers investors a stable current yield while providing significant upside potential,” Hogan said.  

“The building accommodates higher density tenants looking for a high profile location with Beltway 8 frontage, efficient, rectangular floor plates and a 5/1,000 parking ratio.”

Duke Realty Corporation owns, maintains an interest in or has under development approximately 156.5 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas.  

Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index.  More information about Duke Realty is available at www.dukerealty.com.


Chambers Street Properties is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties, leased to creditworthy tenants.

  As of September 30, 2014, Chambers Street owned or had a majority interest in 129 properties located across 20 U.S. states, France, Germany and the United Kingdom encompassing approximately 36.3 million rentable square feet. For additional information, please visit www.ChambersStreet.com.

Fuller Realty Partners, LLC was established in 1979 and is a privately owned, full service commercial real estate firm headquartered in Houston, Texas.  Learn more at www.fuller-realty.com

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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