HFF completes sale of 520 Post Oak Boulevard in Houston
HOUSTON, TX – May 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has completed the sale of 520 Post Oak Boulevard, a 155,147-square-foot, boutique office building in Houston’s Galleria submarket.
HFF worked on behalf of the sellers, balandis real estate AG and Griffin Partners. The project was sold to Griffin Partners Office Fund III. balandis AG was advised by EII Realty Corp.
520 Post Oak Boulevard is situated in the heart of Post Oak Park in Houston’s Galleria submarket, a location that boasts unparalleled freeway connectivity via Loop 610, Interstate 10 and Interstate 69; access to more than 35 Fortune 1000 HQ within a 15 minute drive; direct access to Houston’s premier residential neighborhoods and an extensive retail amenity base, including River Oaks District, Highland Village, Uptown Park, BLVD Place and The Galleria Mall. The eight-story building is 90.1 percent leased to a diverse roster of tenants in the real estate, financial, professional services, energy and transportation service industries.
The HFF investment sales team representing the seller was led by senior managing director Danny Miller and associate John Indelli.
About Griffin Partners
Griffin Partners, Inc. is an owner and operator of commercial real estate properties throughout Arizona, Colorado, North Carolina, and Texas with a current portfolio of 4.5 million square feet valued at over $750 million. Griffin Partners was formed in 1980, and its six senior principals average over 26 years of diverse real estate experience. Griffin Partners has acquired, developed, or managed over 11.7 million square feet of office, retail, and light industrial property since its founding, valued at over $1.6 billion. This asset was purchased by Griffin Partners Office Fund III (“Fund III”), its 3rd investment since its inception in June 2016. Fund III now owns 715,000 square feet in three assets totaling over $128 million in asset value.
Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and 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.