 |
| 2900 Weslayan, Greenway Plaza/Galleria submarket, Houston, TX |
 |
| H. Dan Miller |
HOUSTON, TX – HFF announced it has closed the sale of 2900
Weslayan, a 136,698-square-foot boutique office building and 20-lane motor
bank in Houston’s Greenway Plaza/Galleria submarket.
HFF
marketed the property on behalf of the seller. PM Realty Group (PMRG) purchased the asset for an undisclosed
amount free and clear of debt.
2900
Weslayan is bounded by Alabama, Weslayan and Essex Streets in Houston’s
Greenway Plaza/Galleria submarket.
The 2.8-acre site is adjacent to the new 2929 Weslayan
residential development, also being developed by PMRG and is within close
proximity to Highland Village, Central Market, U.S. 59, The Westpark Tollway
and Loop 610. 2900 Weslayan is 73
percent leased to tenants including JPMorgan Chase.
The
HFF investment sales team representing the seller was led by senior managing
director H. Dan Miller and director Trent Agnew.
 |
| Trent Agnew |
“This was a very sought after offering due to its urban
infill location, frontage on three streets and considerable upside potential
through the lease up of vacant space and rolling in place rents to market,”
said Miller.
Headquartered in Houston, PM Realty Group (PMRG) is a
privately held real estate firm of more than 1,300 employees and 21 divisional
and regional offices that conducts business in every major state.
With more than 50 years of experience, PMRG provides
services to a portfolio valued in excess of $30 billion.
The firm’s diversified client base includes institutional
and private investors, real estate investment trusts, government agencies,
corporations and healthcare service providers.
PMRG focuses on
creating value for its clients and offers a full spectrum of real estate
services, including property and facility management, leasing, marketing,
investment sales, construction management and engineering.
In addition, PMRG
partners with clients in comprehensive development and joint venture investment
programs.
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
No comments:
Post a Comment