HOUSTON, TX – HFF announced today that it has closed the sale of 16400 Park Row (top left photo), a three-story, 85,701-square-foot office building in Houston’s Energy Corridor.
HFF marketed the property exclusively on behalf of the seller, Eastbourne Park Row LP, an affiliate of Fuller Realty Partners LLC. RiverOak Investment Corp., LLC purchased 16400 Park Row for an undisclosed amount.
The Los Angeles office of Wells Fargo provided acquisition financing at closing. The lender was not represented by HFF.
Situated on nearly four acres immediately north of Interstate 10, 16400 Park Row is close to Highway 6 about 20 miles west of downtown Houston in the Energy Corridor. The property is fully leased to Kraton Polymers (NYSE: KRA) on a triple-net basis with a remaining lease term of 10.3 years.
The HFF team representing the seller was led by senior managing director H. Dan Miller (middle right photo) and associate director Martin Hogan (bottom left photo).
Fuller Realty Partners, LLC, established in 1979, is a privately-owned, full-service commercial real estate firm headquartered in Houston, Texas.
RiverOak Investment Corp., LLC is a 12-year old, Stamford, Connecticut-based real estate private equity firm specializing in the acquisition and asset management of institutional quality real estate assets in the United States. www.riveroakic.com.
Contacts:
H. Dan Miller, HFF Senior Managing Director, (713) 852-3500 dmiller@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing,
(713) 852-3500,
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