HFF closes sale of and arranges financing for office building in northwest Houston

   

HOUSTON, TX – HFF announced today that it has closed the sale of and arranged financing for 4600 Highway 6 North (top left photo), a three-story, 53,037-square-foot office building in northwest Houston.

HFF marketed the property on behalf of the seller, the Brookfield Real Estate Opportunity Fund, a division of Brookfield Asset Management. 

Rockwell Management Corporation represented the buyer in the purchase of 4600 Highway 6 North for an undisclosed amount.  HFF arranged the acquisition financing through ViewPoint Bank. 

Renovated in 2007-2008, 4600 Highway 6 North is 82 percent leased to tenants including JPMorgan Chase and the Attorney General’s Office.  The property is located between Interstate 10 and Highway 290 on State Highway 6 in west Houston.

Brookfield Asset Management Inc., focused on property, renewable power and infrastructure assets, has more than $100 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM and on NYSE Euronext under the symbol BAMA. www.brookfield.com.

Rockwell is a full-service management firm that provides services in due diligence, construction, renovation, marketing, bookkeeping, property and asset management.

The HFF investment sales team representing the seller was led by senior managing director Dan Miller (lower  right photo) and associate director Trent Agnew.  The HFF debt team was led by associate director Colby Mueck.

Contacts:   

H. Dan Miller, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500,    M. Colby Mueck, HFF Associate Director, (713) 852-3500, cmueck@hfflp.com

dmiller@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com

          

HFF arranges refinancing for multi-housing community in Houston’s Galleria area

 HOUSTON, TX – HFF announced today that it has arranged refinancing for Tree Tops at Post Oak (top left photo), a 112-unit multi-housing community in Houston’s Galleria area.

Working exclusively on behalf of Venterra Realty, HFF placed the seven-year, 3.90 percent adjustable-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF will service the loan through its Freddie Mac Program Plus® Seller/Servicer program.

Located at 4510 Briar Hollow Place inside the 610 Loop, Tree Tops at Post Oak is close to the Houston Galleria, Uptown Park and Highland Village.

 The property has two three-story buildings with one- and two-bedroom units averaging 741 square feet each.  Residents have access to a swimming pool and fitness center as well as reserved and covered parking.  Tree Tops at Post Oak is 95 percent leased.

The HFF team that represented Venterra Realty was led by director Cortney Cole (lower right photo).

Venterra specializes in the identification, finance, acquisition and management of multi-family residential communities in the southern United States.  Venterra currently manages a portfolio of multi-family real estate assets totaling over $600 million in value that generates gross annual income in excess of $80 million. 

The organization has completed in excess of $1.3 billion of real estate transactions.  Venterra has offices in both Houston and Toronto and employs over 350 people.

Contacts: 

Cortney R. Cole, HFF Director,  (713) 852-3500, ccole@hfflp.com

 Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

krmurphy@hfflp.com                                      ,                                                

HFF closes sale of and arranges financing for One and Two Park Ten Place in Houston’s Energy Corridor

  

HOUSTON, TX – HFF announced today that it has closed the sale of and arranged financing for One and Two Park Ten Place (top left photo), two office buildings totaling 91,166 square feet in Houston’s Energy Corridor.

The HFF investment sales team marketed the property on behalf of the seller, KBS Realty Advisors.  A Miami-based investor purchased One and Two Park Ten Place for an undisclosed amount. 

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.

Contacts:

H. Dan Milller, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500, Susan L. Hill, HFF Senior Managing Director, (713) 852 3500

dmiller@hfflp.com

shill@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com