HOUSTON, TX – HFF announced today that it has closed the sale of and arranged acquisition financing and joint venture equity for a five-property office portfolio in West Houston.HFF’s investment sales team marketed the portfolio exclusively on behalf of the seller. Peloton Capital Partners purchased the properties for an undisclosed amount.
HFF’s debt placement team secured fixed-rate acquisition financing on behalf of Peloton through NexBank and joint venture equity through an Austin-based real estate private equity firm.
The portfolio totals 347,272 square feet and is 78 percent occupied overall. The portfolio is comprised of: 1250 Wood Branch and 11931 Wickchester in Houston’s Energy Corridor submarket and 10200 Richmond and 2950 and 3030 South Gessner in Houston’s Westchase submarket. The HFF team representing the seller was led by associate director Martin Hogan (top right photo) and senior managing director H. Dan Miller (middle left photo).
HFF managing director Steve Heldenfels (lower right photo) represented the borrower in arranging the acquisition financing and joint venture equity.
Peloton opened its doors in 2002, with decades of combined experience in Dallas/Fort Worth commercial real estate already behind the firm. Since then, the Peloton portfolio has grown to more than 18.8 million square feet of leased and/or managed properties.
Contacts:
H. Dan Miller, HFF Senior Managing Director, (713) 852-3500, dmiller@hfflp.com Steven Heldenfels, HFF Managing Director, (214) 265-0880 sheldenfels@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
No comments:
Post a Comment