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| 777 Post Oak Boulevard, Houston, TX |
HOUSTON, TX – HFF announced it has closed the sale of 777
Post Oak Boulevard, a 176,799-square-foot office building in Houston’s
Galleria/West Loop submarket.
HFF
marketed the property on behalf of the seller, an institutional owner. An international investing real estate fund
managed by Credit Suisse AG in Switzerland purchased 777 Post Oak Boulevard for
an undisclosed amount.
Credit Suisse
was advised by Lacy Ltd., an international real estate investment and advisory
firm based in Washington D.C. HFF also
arranged acquisition financing for the buyer.
 |
| Robert Williamson |
777
Post Oak Boulevard is located on 2.28 acres adjacent to Uptown Park and the 610
West Loop in Houston’s Galleria area.
The nine-story property was renovated in 1998 and is 100 percent leased.
The
HFF investment sales team representing the seller was led by senior managing
directors Robert Williamson and Rusty Tamlyn.
HFF’s debt placement team representing the real estate fund
managed by Credit Suisse was led by associate director Corby Chaffin.
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| Rusty Tamlyn |
“This
is the first purchase for an international investing real estate fund managed
by Credit Suisse in the Houston market and represents the growing international
buyer pool in the city of Houston. The
real estate fund managed by Credit Suisse is a Swiss-based, institutional
investor that owns office assets in Boston, Chicago and Washington D.C.” said
Tamlyn.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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