Saturday, June 6, 2015

HFF closes sale of 400 North Belt in Houston, TX

400 North Belt, Greenspoint Office Submarket, North Houston, TX

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 400 North Belt, a 230,872-square-foot, Class A office project in Houston’s Greenspoint office submarket in north Houston.

Dan Miller
HFF marketed the property on behalf of the seller.  Hartman 400 North Belt, a subsidiary of Hartman Short Term Income Properties XX, Inc., purchased the asset for an undisclosed amount free and clear of debt.

400 North Belt is located at the southeast corner of the Sam Houston Parkway/Beltway 8 at Imperial Valley Drive equidistant between the Houston central business district and the Woodlands. 

The property is close to George Bush Intercontinental Airport as well as Interstate 45, The Hardy Toll Road and Interstate 69.  Originally built in 1982, the 12-story property has undergone more than $2 million in capital upgrades during the last 10 years.  

Building amenities include a deli, bank facility with drive through motor bank, and a fitness center planned to open in 2015.  400 North Belt is 64 percent leased.

The HFF investment sales team representing the seller was led by senior managing director Dan Miller and director Trent Agnew.  Dave Wheeler, Julian Kwok, CCIM and Russell Turman represented the buyer.

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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