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| West Loop I and West Loop II, Houston, TX |
HOUSTON, TX – HFF announced today that it has closed the
sale of West Loop I and II, a two-building, Class A office complex totaling
313,873 square feet in Houston, Texas.
HFF
represented the seller, Chase Merritt, in the sale of the property to KBS
Realty Advisors. The purchase price is
confidential.
The
complex is located in the unincorporated City of Bellaire just south of the
Galleria and close to the central business district and the Texas Medical
Center, the largest medical complex in the world.
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| Dan Miller |
The City of Bellaire has stringent zoning regulations providing
major barriers-to-entry. Key tenants at
the complex include Synergy Healthcare, The Rand Group, Bridgeway Software and
BBC (USA).
The
HFF investment sales team representing the seller was led by director Martin
Hogan and senior managing directors Dan Miller and Robert
Williamson.
 |
| Robert Williamson |
Chase Merritt is a private real estate asset management and
investment management firm headquartered in Newport Beach, California. The firm acquires, develops, manages, and
repositions distressed, opportunistic, value add and core plus residential and
commercial real estate properties throughout the United States.
KBS Capital Advisors is an affiliate of KBS Realty Advisors,
a private equity real estate company and SEC-registered investment advisor
founded in 1992. Since its inception,
KBS Realty Advisors and its affiliated companies have completed transactional
activity of approximately $25 billion via 14 separate accounts, six commingled
funds, five sovereign wealth funds and five non-traded REITs. For information, visit.
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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