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HFF closes sale of 801 Travis in downtown Houston

04/27/2015

HOUSTON, TX - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of 801 Travis, a 220,380-square-foot boutique office building in downtown Houston, Texas.

HFF marketed the property on behalf of the seller, Goddard Investment Group.  LPC Realty Advisors I, LP, an affiliate of Lincoln Property Company, purchased the asset on behalf of a pension fund client for an undisclosed amount.

801 Travis is a 21-story office building with an 11-story, 445-space podium parking garage.  The property is connected to the JW Marriott, which uses the property’s 12th floor for its SPA by JW, fitness center, VIP lounge and executive offices.  The hotel’s meeting space is also located on the lower level of 801 Travis.  Originally completed in 1981, the property was most recently renovated in 2014 and is 82.8 percent occupied.  801 Travis is centrally located in downtown Houston adjacent to two METRORail lines and is connected to the downtown tunnel system.  It is convenient to the Theatre District, the George R. Brown Convention Center, Minute Maid Park and the Toyota Center. 

The HFF investment sales team was led by senior managing director Dan Miller and director Martin Hogan.

About Goddard Investment Group

Goddard Investment Group was founded in 2000 and is headquartered in Atlanta, with a regional office in Dallas.  The company has acquired and managed approximately 12 million square feet of commercial property in has in Atlanta, Dallas, Denver, Houston, South Florida, and Tampa. Goddard Value-Add Office Funds I and II are discretionary, commingled, institutional funds sponsored by Goddard Investment Group.  

About Lincoln Property Company

Lincoln Property Company was founded in 1965 as a developer and manager of high-quality residential communities. Over the next few years, the firm expanded its line of products and services to include commercial real estate.  Its national reputation for successful management of its own properties quickly attracted a large client base of owners and investors who recognized the value that the firm could provide in development, property management and real estate consulting services.  Today, Lincoln Property Company is one of the most respected and diversified service firms in the United States, employing thousands of experienced, dedicated people who serve a growing client base that reaches coast-to-coast, as well as into Mexico and Europe.

LPC Realty Advisors I, LP is a Registered Investment Advisor formed in 1992.  LPCRA invests primarily in office properties nationwide, and currently has assets under management of $1.8 billion.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.   

04/27/2015 - 15:00

Source

HFF

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