HOUSTON, TX – HFF announced today that it has closed the sale of 2200 West Loop South (top left photo), a 201,720-square-foot, Class A office building in Houston, Texas.
HFF’s investment sales team marketed the property on behalf of the seller, KBS Real Estate Investment Trust, Inc. (KBS REIT). Parmenter Realty Partners purchased 2200 West Loop South for an undisclosed amount free and clear of debt.
2200 West Loop South is located adjacent to the Intercontinental Hotel on the west side of Loop 610 between San Felipe and Westheimer in Houston’s West Loop/Galleria market. The property was extensively renovated in 2000 and is 87 percent leased to tenants including Morgan Stanley and Tenaris.
The HFF team representing the seller was led by senior managing director Dan Miller (middle right photo) and director Marty Hogan (lower left photo).
KBS Realty Advisors, an SEC-registered investment advisor, and its affiliate, KBS Capital Advisors, KBS REITS’s external advisor, are one of the nation's largest buyers of commercial real estate and structured debt investments on behalf of institutional investors and the public REITS they advise, having consummated more than $16.5 billion in transactional volume.
Parmenter Realty Partners is an institutional, privately-held real estate investment, management and development company. Headquartered in Miami, Florida, Parmenter Realty Partners is actively involved in acquiring, repositioning, and managing real estate assets in major markets throughout the Southeast and Southwest United States on behalf of the firm’s principals and investors. Parmenter Realty Partners has real estate professionals located in Miami, Atlanta and Dallas.
Contacts:
H. DAN MILLER, CCIM, SIOR KRISTEN M. MURPHY
HFF Senior Managing Director HFF Associate Director, Marketing
(713) 852-3500 (713) 852-3500
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