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| 3000 Post Oak, Galleria/Uptown submarket, Houston, TX |
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| Jeffrey Hollinden |
HOUSTON, TX – HFF announced it has closed the sale of and
arranged acquisition financing for 3000 Post Oak, a 441,523-square-foot,
Class A office building in Houston’s Galleria submarket.
HFF
marketed the property exclusively on behalf of the seller, a joint venture
between an affiliate of Five Mile Capital Partners LLC and Crocker
Partners. FG Asset Management purchased
3000 Post Oak for an undisclosed amount.
Additionally, HFF’s debt placement team worked on behalf of the buyer to
secure acquisition financing.
3000
Post Oak is situated within the Lakes on Post Oak office complex adjacent to
the Galleria Mall and Loop 610 in the Galleria/Uptown District of Houston. The 19-story property and attached parking
garage are 100 percent leased to engineering and construction firm, Bechtel.
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| Trent Agnew |
The
HFF investment sales team representing the seller was led by senior managing
directors Jeff Hollinden and Dan Miller and director Trent
Agnew.
HFF’s
debt placement team was led by senior managing director Wally Reid.
“This
is FG Asset Management’s first acquisition in Houston and is a great example of
the strong interest that Korean investors and other foreign firms are showing
in the Houston office market,” said Hollinden.
“Well-located, Class A assets with quality tenancy and lease terms such
as 3000 Post Oak are very much in demand by offshore capital.”
FG Asset Management (FG) is a Korean alternative asset
management and financial services firm that specializes in real estate
investment, private equity, and additional alternative investment strategies
for Korean institutional investors.
The firm’s headquarters is based in Seoul, with an office in Manhattan. For other track record and information, please visit http://www.fgam.co.kr/eng/operating/operating_list.asp
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| Wally Reid |
FG
focuses on preferred equity, mezzanine debt, whole loans, and B-note positions
in prime office, hotel, retail, and multi-family properties located in top tier
markets of US and Europe.
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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
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