HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Ten West Corporate Center II (top left photo), a 250,260-square-foot, Class A office building in Houston’s Energy Corridor.
HFF senior managing directors Rusty Tamlyn (middle right photo) and Dan Miller (middle left photo) and associate director Trent Agnew led the investment sales team on behalf of the seller, Founders Properties, LLC.
ING Clarion Partners purchased the property on behalf of a commingled fund advised by the firm for an undisclosed amount free and clear of debt.
Ten West Corporate Center II is located at 17404 Katy Freeway (Interstate 10) on a 6.2-acre site within the Park Ten Office Park in west Houston.
Completed in 2006, the property is fully leased to Mustang Engineering, a wholly owned subsidiary of the John Wood Group, LC. Mustang and its affiliates now occupy more than one million square feet of office space in Park Ten Office Park.
Headquartered in Minneapolis, Founders Properties LLC is a privately-held company that provides a full range of acquisition, financing, asset management and investment services for high-net-worth investors.
Founded in 1982, ING Clarion Partners manages $21.5 billion in private real estate equity investments on behalf of both institutions and individuals. Through both commingled fund and separate account formats, the Firm provides a wide range of investment options across the risk/return spectrum.
More information is available at http://www.ingclarion.com/.
Contacts:
Rusty Tamlyn, CCIM, SIOR, HFF Senior Managing Director, (713) 852-3500, rtamlyn@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing (713) 852-3500
No comments:
Post a Comment