Wednesday, December 26, 2012

HFF closes sale and arranges acquisition financing for 17000 Katy Freeway in Houston, TX




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.  

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.

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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