Monday, September 22, 2014

HFF closes sale of and arranges acquisition financing for 8 West Centre in Houston, TX


8 West Centre, West Sam Houston Tollway, Houston, TX
HOUSTON, TX – HFF announced it has closed the sale of and arranged acquisition financing for 8 West Centre, a newly-completed, Class A office building along the West Sam Houston Tollway in Houston.

               HFF marketed the property on behalf of the seller, Core Real Estate.  Azrieli Group, a real estate investment and development company based in Tel Aviv, purchased the asset for an undisclosed amount free and clear of debt.

 HFF assisted Azrieli in securing a five-year, fixed-rate acquisition loan through Aegon USA Realty Advisors, LLC, a commercial real estate investment and management arm of Aegon Asset Management.

Dan Miller
               Completed in 2013, 8 West Centre is a 227,045-square-foot, four-story property with a 938-space parking garage. 

The LEED Silver designated building is fully leased to two tenants: Cameron International Corporation, which uses the facility as their divisional headquarters for their surface systems division, and Helix Energy Solutions, who has their global headquarters at the site.

  Situated on nine acres on the west side of Beltway 8, the property is located at 3505 West Sam Houston Parkway North, just north of Kempwood Drive in the West Belt Corridor of Houston.

               The HFF investment sales team representing the seller was led by senior managing directors Dan Miller, Rusty Tamlyn and Mark West and director Trent Agnew.

               HFF’s debt placement team was led by managing director Matt Kafka and senior managing director Wally Reid.

 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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