Thursday, December 6, 2012

HFF closes sale of Westchase Park in Houston’s Westchase District



Westchase Park, Houston, TX
HOUSTON, TX – HFF announced today that it has closed the sale of Westchase Park, a 272,361-square-foot, newly-built, Class A, core trophy office building in Houston’s Westchase District.

                HFF represented the seller, Simmons Vedder Partners and O’Connor Capital Partners, in the sale of the property to Clarion Partners.  


Rusty Tamlyn
The buyer also purchased seven acres of land adjacent to the site for a future office development project as part of this transaction.

                Westchase Park is located at 3700 West Sam Houston Parkway between Richmond and Westpark Drive close to Westpark Tollway, U.S. 59 and Interstate 10.  The six-story property is LEED gold certified and is 98.4 percent leased to eight tenants including ABB and MetLife.  52 percent of the tenants are investment grade tenants with an average lease term of eight years remaining.  

Jeffrey Hollinden
Building amenities include a fitness center, 24-hour security, a large building conference room and a 1,089-space parking garage. 

                The HFF investment sales team representing the seller was led by senior managing directors Rusty Tamlyn and Jeff Hollinden, and associate director Trent Agnew.

                “Clarion has been an active player in major U.S. markets, including Houston, for many years, amassing a diverse portfolio of assets across the risk/return spectrum,” said Tamlyn.

Trent Agnew
O’Connor Capital Partners is a privately-owned, independent real estate investment and development firm focused on principal investing through private equity funds.  O’Connor concentrates its efforts on making direct investments in high-quality assets in major metropolitan markets in North America.  

                Clarion Partners has been a leading U.S. real estate investment manager for over 30 years. Headquartered in New York, the firm has offices in major markets throughout the U.S., in S͠ão Paulo, Brazil and London, England as well as a presence in Mexico.  

With more than $25 billion in total assets under management, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum to its more than 200 domestic and international institutional investors.  More information about the firm is available at www.clarionpartners.com.


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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