Sunday, August 12, 2018

HFF announces sale of premier Class AA office building in Houston, TX


Westway Plaza, 11330 Clay Road, West Belt Corridor, Houston, TX
                                                                       Photo by  Jud Haggard

HOUSTON, TX –– HFF announces the sale of Westway Plaza, a newly constructed, premier, Class AA office building totaling 313,420 square feet in Houston, Texas.

Jeff Hollinden
The HFF team marketed the property on behalf of Transwestern Development Co., and procured the buyer, The Aztec Fund, Inc., a private Mexican equity fund.

Westway Plaza is situated on 9.85 acres at 11330 Clay Road at its intersection with the Sam Houston Tollway in Houston’s West Belt Corridor. 

The property has direct access to major thoroughfares, including Interstate 10, U.S. 290 and the Grand Parkway, and is proximate to an abundant and talented labor pool. 

 Completed in 2015, the LEED® Gold building provides maximum energy efficiency throughout its virtually column-less floor plates that feature floor-to-ceiling glass windows and nine-foot six-inch finished ceiling heights. 

 Market leading amenities at Westway Plaza include a state-of-the-art fitness center with locker rooms, an on-site café, a 1,186-space attached structured parking garage and 24-hour security.  


Westway Plaza is fully leased to three tenants: General Electric Corporation, Superior Energy Services and TESCO Corporation.

Dane Petersen
The HFF investment advisory team representing the seller included senior managing director Jeff Hollinden and analyst Dane Petersen.

This is The Aztec Fund’s first purchase in the Houston market, complementing properties purchased in Dallas, Denver and Pittsburgh.  Charles Haddad, Aztec’s President and CEO commented, “We are very excited about entering the Houston market!  

"This will definitely not be our only purchase in this amazing city.  Thanks to HFF and Transwestern for making this a truly successful transaction.”

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.

Please visit www.transwesterndevelopment.com for more information.

For more information, please contact:

OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500


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