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