Friday, March 14, 2008

HFF Closes sale of and Arranges Financing for 12605 East Freeway in Houston


HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of 12605 East Freeway, (right top photo) an 85,506-square-foot, six-story office building in Houston, Texas.

The HFF investment sales team was led by senior managing director Dan Miller and associate director Marty Hogan who marketed the property on behalf of the seller, Bayview USA Holdings. Rockwell Management Corporation purchased 12605 East Freeway free and clear of existing debt for an undisclosed amount.

HFF associate director Matthew Kafka worked on behalf of the borrower, Rockwell Management Corporation to secure acquisition financing.

12605 East Freeway is located on a 2.6-acre site along Interstate Highway 10 close to the Sam Houston Tollway, the 610 Loop and the Port of Houston. The property was renovated from 2000 to 2003 and is 82% leased to Bank of America, The State of Texas and Jim Adler, P.C.
Bayview USA Holdings, LLC is a private, Houston-based real estate company currently focused on build-to-suits for large corporate clients.

Rockwell Management Corporation is a full-service management firm that provides services in due diligence, construction, renovation, marketing, bookkeeping, property and asset management. Rockwell currently manages 21 properties comprised of approximately 6,025 multifamily apartments and condominiums located throughout Texas.

CONTACTS:

Laurie Fish McDowell
Associate Director HFF
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
fax 617.338.2150

H. Dan Miller, CCIM, SIOR
HFF Senior Managing Director
713 852 3500

Matthew Kafka
HFF Associate Director
713 852 3500
Posted by Alex at 10:18 AM
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