 |
| 9990 Richmond Avenue, Westchase District, Houston, TX |
 |
| H. Dan Miller |
HOUSTON, TX – HFF announced it has closed the sale of and
secured acquisition financing for a 186,964-square-foot office building located
at 9990 Richmond Avenue in the Westchase District of Houston, Texas.
HFF
marketed the property on behalf of the seller, a joint venture between Fuller
Realty Partners, LLC and Harbert Management Corporation.
Rockwell Management
Corporation purchased the property free and clear of debt. HFF also secured a 10-year, fixed-rate
acquisition loan on behalf of the new owner through Natixis Real Estate
Capital, Inc.
9990
Richmond Avenue is situated on 5.66 acres at the northeast corner of Richmond
and Briarpark in Houston’s Westchase District one half mile from the Sam
Houston Tollway (Beltway 8).
The four-story building has an attached three-story parking
garage and underwent several upgrades from 2011 to 2014, including renovating
the lobby.
 |
| Martin Hogan |
The asset is currently 92.2 leased to a variety of tenants,
including Seismic City, Costello, Norris Conference Centers, U.S. Navy
Recruiting, DBR Engineering and Selene Finance.
The
HFF investment sales team representing the seller was led by senior managing
director H. Dan Miller, director Martin Hogan and real estate
analyst Wesley Hightower.
The Natixis Real Estate Capital, Inc. team was led by Vishal
Vanjani and Brian Staley.
The
HFF debt placement team representing the buyer was led by managing director Colby
Mueck and real estate analyst William Crawley.
“9990
Richmond is a unique asset in that it provides for a 4.5/1,000 parking ratio in
a precast concrete parking garage and offers efficient, 50,000-square-foot
floor plates on the top two floors,” Hogan said.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
No comments:
Post a Comment