Wednesday, May 21, 2008

HFF Wins Listings for Two Trophy Office Assets in Texas


One BriarLake Plaza (top right photo) is a Class A Tower in West Houston

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has been named to market for sale One BriarLake Plaza, a trophy Class A office tower in west Houston.

HFF senior managing directors Jeff Hollinden, (middle right photo), Robert Williamson (middle left photo below Barbara Guffey photo)) and Glenn Whitmore, (bottom left photo), associate director Barbara Guffey (top left photo) and executive managing director Scott Galloway will lead the investment sales team on behalf of the seller, Crescent Real Estate Equities, LP. The property is being offered without a formal asking price.

Completed in 2000, One BriarLake Plaza is a 502,410-square-foot, 20-story tower and a connected 2,068-space structured parking garage. The 94.7% leased property is located on a 9.4-acre site along the West Sam Houston Parkway in Houston’s Westchase submarket.

“One BriarLake Plaza is widely recognized as one of the highest quality suburban buildings in the Houston marketplace,” said Hollinden. “Plus, the Westchase submarket is in high demand by tenants and investors due to its proximity to energy industry employers and the neighborhoods of their employees.”

“The property has outstanding visibility along the West Sam Houston Tollway and is in close proximity to almost every major artery in Houston,” added Williamson.

CONTACTS:

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

Robert E. Williamson, HFF Senior Managing Director, 713 852 3500, rwilliamson@hfflp.com

Jeffrey A. Hollinden, HFF Senior Managing Director, 713 852 3500, jhollinden@hfflp.com

Sale of Post Oak Central in Houston's Galleria Area to be Marketed by HFF


HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has been named to market for sale Post Oak Central, (photo at left) a 1.28 million-square-foot office and retail complex in Houston’s Galleria area.

The HFF investment sales team, led by senior managing directors Jeff Hollinden, Dan Miller (middle right photo) and Glenn Whitmore, (bottom left photo) associate director Barbara Guffey (top left photo) and executive managing director Scott Galloway, (bottom right photo) has been retained by the seller, Crescent Real Estate Equities, LP. The complex will be marketed without an asking price.

Post Oak Central consists of three Class A office and retail buildings that are 91.5% occupied by tenants including Apache Oil Company, Stewart Title and Suez.

“Post Oak Central is positioned for significant upside potential due to in-place rents that are well below market,” said Hollinden. “Three Post Oak Central has 80,600 square feet available, one of the largest contiguous blocks of space remaining in The Galleria submarket.”

“Situated on 17 acres, the complex enjoys a prime location along Post Oak Boulevard in the heart of The Galleria submarket, Houston’s most popular and amenity-rich office location,” said Miller.
“With more than 86,500 square feet of on-site retail amenities including fitness, salon, spa, dining, day care and banking, the complex competes favorably among Class A office buildings within this submarket.”

CONTACTS:

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

H. Dan Miller, HFF Senior Managing Director, 713 852 3500, dmiller@hfflp.com

Jeffrey A. Hollinden, HFF Senior Managing Director, 713 852 3500, jhollinden@hfflp.com

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