Tuesday, May 24, 2011
HFF closes sale of and arranges financing for One and Two Park Ten Place in Houston’s Energy Corridor
HFF arranged the fixed-rate acquisition financing on behalf of the buyer through Morgan Stanley Mortgage Capital, Inc.
One and Two Park Ten Place are located at 16300 and 16365 Park Ten Place Drive at the northwest corner of Interstate 10 and Park Row in west Houston. The properties are 92 percent leased overall to tenants including Ensco.
The HFF investment sales team representing KBS Realty Advisors was led by senior managing director Dan Miller and associate director Martin Hogan.
HFF senior managing director Susan Hill arranged the financing on behalf of the buyer.
KBS Realty Advisors, an SEC-registered investment advisor, and its affiliate, KBS Capital Advisors, are one of the nation's largest buyers of commercial real estate and structured debt investments, having consummated more than $16.5 billion in transactional volume.
H. Dan Milller, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500, Susan L. Hill, HFF Senior Managing Director, (713) 852 3500
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,