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| 17000 Katy Freeway in Park Ten Office Park, Houston, TX |
HOUSTON, TX – HFF announced it has closed the sale and arranged acquisition financing for 17000
Katy Freeway, a 174,521-square-foot office building in Houston’s Energy
Corridor.
HFF
marketed the property on behalf of the seller, Black Forest Ventures. DRA Advisors, LLC purchased the asset for an
undisclosed amount.
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| Rusty Tamlyn |
HFF also worked on
behalf of the buyer to secure a five-year acquisition loan through Wells Fargo.
17000
Katy Freeway is fully leased to Mustang Engineering and the John Wood
Group. The property was completed in
2007 and is situated on the north side of Interstate 10 within the Park Ten
Office Park in Houston’s Energy Corridor.
The HFF investment sales team representing Black Forest
Ventures was led by associate director Trent Agnew and senior managing
directors Rusty Tamlyn and Dan Miller.
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| Trent Agnew |
HFF’s debt placement team representing the buyer was led by
senior managing director Wallace Reid, managing director Matt Kafka and
director Colby Mueck.
“DRA Advisors has been aggressively looking to expand its
holdings in Houston and recognized the opportunity to acquire a Class A asset
with tremendous upside due to its tenancy and location within one of the
country’s hottest submarkets, the Energy Corridor,” said Agnew.
Black Forest Ventures is a privately-owned asset management
company based in The Woodlands, TX, which controls holding in the real estate,
aviation, hospitality and technology fields.
For a complete copy of the company’s news release, please
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 |
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