 |
| Oak Park Office Center II, Westchase district, Houston, TX |
HOUSTON, TX – HFF announced today that it has closed the
sale of Oak Park Office Center III, a 151,000-square-foot office
building in Houston’s Westchase district.
 |
| Robert Williamson |
HFF
marketed the property on behalf of the seller, Daymark Realty Advisors. 111 Realty OPO, LLC, a real estate investment
company led by Mallick Group, Inc. and Keating Investments, purchased the asset
for an undisclosed amount.
Acquisition financing was arranged separately by 111’s
relationship lender; International Bank of Commerce - Houston (IBC Bank).
The
property is located between Rogerdale Road and Sam Houston Parkway (Beltway 8)
within the 225-acre, master planned Oak Park at Westchase Business Park.
Completed in 2008, the two-story building is 100 percent occupied by global
engineering giant CB&I Inc.
The
HFF investment sales team representing the seller was led by senior managing
director Robert Williamson and director Trent Agnew.
“Oak Park Office Center III was a highly sought after
offering due to its strategic West Houston location, excellent visibility from
Beltway 8 and investment-grade tenancy,” said Williamson.
 |
| Trent Agnew |
Mallick Group, Inc. is a real estate and energy related
investment firm based in Fort Worth, Texas and Keating Investments is a real
estate and energy related investment firm based in Oklahoma City,
Oklahoma.
Other notable real estate transactions related to the
purchaser include the 2012 $200 million acquisition of a triple net-leased
property portfolio located in North Texas, and the 2010 acquisition of the
104-acre land tract located on Interstate 610 across from Reliant Park in
Houston, where the Six Flags AstroWorld amusement park once stood.
IBC Bank – Houston is a division of International Bancshares
Corporation (NASDAQ IBOC), a $12.1 billion multi-bank financial holding company
headquartered in Laredo, Texas, with over 210 facilities and more than 320 ATMs
serving 88 communities in Texas and Oklahoma.
IBC Bank – Houston has been serving the area since 1997 and has a retail
branch network of 19 locations. Visit
us on our YouTube channel, IBCBankWeDoMore.
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
.
No comments:
Post a Comment