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| Jeffrey Hollinden |
HOUSTON, TX – HFF announced it has closed the sale of 3040
Post Oak Boulevard, a 427,486-square-foot, Class A core office building in
Houston adjacent to the Galleria.
HFF marketed the property on behalf of the
sellers, a joint venture between an affiliate of Five Mile Capital Partners LLC
and Crocker Partners. MetLife Real
Estate Investors purchased the property for an undisclosed amount.
3040 Post Oak Boulevard is located at the intersection of
Post Oak Boulevard and Hidalgo in Houston’s Galleria/Uptown District.
The 22-story
building is part of the 1.2 million-square-foot Lakes at Post Oak office
complex that includes 3050 Post Oak Boulevard, and also 3000 Post Oak Boulevard
plus a 3.86-acre unrestricted development site, which HFF is also marketing for
sale.
 |
| Dan Miller |
The building
features exterior walls of bronze glass and aluminum and has views of the
four-acre lake that weaves through the heavily-landscaped complex. 3040 Post Oak Boulevard is a past recipient
of The International Office Building of the Year by the Building Owners and
Managers Association.
The property is approximately 80 percent leased to 25
tenants, including Bechtel Corporation, Carriage Services and Wealth Design
Group.
The
HFF investment sales team representing the seller was led by senior managing
directors Jeff Hollinden and Dan Miller and director Trent
Agnew.
“Lakes on Post Oak has been a very successful project for
Five Mile Capital and Crocker Partners due to its location, access and
park-like setting within the Galleria submarket,” Hollinden said.
“The 3040 Post Oak
Boulevard building has a great mix of long-term leases and near-term upside
potential that will make this an ideal core investment.”
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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