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| 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.
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| 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.
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| 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.”
"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.
For more information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
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