HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Enclave on the Lake, (top right photo) a 171,091-square-foot Class A office building plus a three-level, 676-space parking garage in Houston’s Enclave Office Park. HFF senior managing director Dan Miller and associate director Marty Hogan marketed the property exclusively on behalf of the seller, Behringer Harvard.
CB Richard Ellis Realty Trust purchased Enclave on the Lake for an undisclosed amount and assumed an existing loan.
Enclave on the Lake has six stories of office space that is fully leased to SBM Atlantia, Inc. The parking gara
ge is connected via a covered walkway. Located within the 100-acre Enclave Office Park, the property is situated on its own 6.7-acre wooded site at 1255 Enclave Parkway overlooking a lake and convenient to Interstate Highway 10, Westpark Tollway and Beltway 8. “The Energy Corridor, including Enclave, has established a reputation as a premier location for corporate headquarters,” said Miller.
Behringer Harvard is a real estate investment company that sponsors investment products to meet the needs of savvy, diversification-minded investors. Behringer Harvard makes a number of investment options available to the investing public including public and private non-listed REITs, real estate investment partnerships and other real estate investments.
CB Richard Ellis Realty Trust invests primarily in office, retail, industrial and multifamily residential properties located in major metropolitan areas in the United States, and may invest up to 30 percent of its assets outside of the U.S. CB Richard Ellis Realty Trust is sponsored by Los Angeles-based CB Richard Ellis Investors, an indirect wholly-owned subsidiary of CB Richard Ellis Group, Inc., and advised by CBRE Advisors LLC, an affiliate of CB Richard Ellis Investors. For more information about CB Richard Ellis Realty Trust, please visit http://www.cbrerealtytrust.com/.
CONTACTS:
H. Dan Miller, CCIM, SIOR, HFF Senior Managing Director, 713 852 3500, dmiller@hfflp.com
Martin T. Hogan, HFF Associate Director, 713 852 3500, mhogan@hfflp.com
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com