HOUSTON, TX, Dec. 8, 2008 – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of a seven-property strip retail portfolio totaling 213,685 square feet in the greater Houston, Texas metropolitan area. The HFF investment sales team was led by senior managing director Rusty Tamlyn (top right photo) and associate director Mike Parker, (top left photo) who marketed the portfolio on behalf of the seller.
Houston Joint Properties, LTD., a partnership of Houston-based Satya, Inc., purchased the properties free and clear of deb
t for an undisclosed amount. As part of the arrangement, the same buyer will also purchase an eighth property, which is expected to close in the first quarter of 2009.
t for an undisclosed amount. As part of the arrangement, the same buyer will also purchase an eighth property, which is expected to close in the first quarter of 2009.Satya, Inc. will manage all eight properties, and leasing will be handled by Josh Jacobs (bottom right) with Page Partners, also based in Houston.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/.
Michael L. Parker, HFF Associate Director, (713) 852-3500, mparker@hfflp.com
Myra F. Moren, HFF Director, Marketing(713) 852-3500, mmoren@hfflp.com
No comments:
Post a Comment