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| 1250 Wood Branch and 11931 Wickchester, Houston, TX |
HOUSTON, TX – HFF announced today that it has closed the
sale of 1250 Wood Branch and 11931 Wickchester, two office
buildings totaling 165,146 square feet in Houston’s Energy Corridor.
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| Martin Hogan |
HFF marketed the properties on behalf of the seller, Peloton
Capital Partners. Dornin Investment
Group purchased the assets for an undisclosed amount. The buildings were
purchased on an off-market basis.
1250 Wood Branch has 102,880 square feet that is 88.9
percent leased, and 11931 Wickchester has 62,002 square feet and is 76.6
percent occupied. The properties are
located just north of Interstate 10 and west of Kirkwood in the Energy Corridor
submarket in close proximity to Shell’s North American Headquarters.
The HFF team representing the seller was led by director Martin
Hogan and senior managing director Dan Miller.
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| Dan Miller |
“Houston’s Energy Corridor has historically been one of the strongest and
most stable office submarkets in the nation due to its base of energy companies
as well as firms that provide services to the energy industry,” said Hogan.
”There is a lot of
leasing activity in the Energy Corridor and the buyer was excited about the opportunity
to acquire vacancy in this strong submarket.”
Peloton Commercial Real Estate was formed in 2002 and today has a
portfolio of more than 19 million square feet of leased and/or managed
properties in Texas.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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