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| Lakes on Post Oak complex adjacent to the Galleria, Houston, TX |
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| Wally Reid |
HOUSTON, TX – HFF announced it has arranged a $50 million
financing for 3040 Post Oak Boulevard, a 427,486-square-foot, Class A
core office building in the Lakes on Post Oak complex adjacent to the Galleria
in Houston, Texas.
HFF
worked on behalf of the borrowers, MetLife Real Estate Investors, to secure the
10-year, fixed-rate loan through Northwestern Mutual Life Insurance
Company. Additionally, in 2014, HFF
marketed and closed the sale of this property, which was purchased by the
borrower.
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.
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” award by the Building Owners and Managers Association.
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| Tyler Ford |
The property is approximately 80 percent leased to 25
tenants, including Bechtel Corporation, Carriage Services and Wealth Design
Group.
The
HFF debt placement team was led by senior managing director Wally Reid,
associate director Tyler Ford and real estate analyst Matthew
Putterman.
MetLife Real Estate Investors oversees a well-diversified
real estate portfolio of more than $60 billion, which is one of the largest in
the U.S. and consists of real estate equities, commercial mortgages and
agricultural mortgages.
MetLife is a
global leader in real estate investment and real estate asset management, with
a vast network of regional offices that keep in close contact with major real
estate markets.
For more information,
visit metlife.com/realestate.
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
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