HOUSTON, TX – HFF announced today that it has closed the sale of 2200 West Loop South, a 201,720-square-foot, Class A office building in Houston, Texas.
HFF’s investment sales team marketed the property on behalf of the seller, Parmenter Realty Partners. APF Properties purchased 2200 West Loop South for an undisclosed amount and assumed the existing first mortgage securitized debt.
2200 West Loop South is located in a prime location adjacent to the Royal Sonesta Hotel on the west side of Loop 610 between San Felipe and Westheimer in Houston’s West Loop/Galleria market. The 10-story property was extensively renovated in 2000 and 2008, and is 100 percent leased to tenants including Morgan Stanley and Tenaris.
The HFF team representing the seller was led by senior managing director Dan Miller and director Marty Hogan.
“Parmenter acquired this property in January 2012 through a transaction brokered by HFF. They immediately implemented a highly successful leasing strategy to bring the property to full occupancy thereby creating substantial value and decided to monetize the property earlier this year,” said Miller.
Parmenter Realty Partners is a privately-held real estate investment, management and development company. Headquartered in Miami, Florida, Parmenter Realty Partners is actively involved in acquiring, repositioning, and managing real estate assets in major markets throughout the southern and mid-Atlantic regions of the United States on behalf of the firm’s principals and investors. Parmenter Realty Partners has real estate professionals located in Miami, Atlanta, Dallas and Washington, D.C.
APF Properties is a fully integrated real estate investment firm with a commercial portfolio valued at more about $800 million. The firm focuses exclusively on commercial office buildings in the northeastern seaboard region and in Houston.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 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 www.hfflp.comor follow HFF on Twitter at www.twitter.com/hff.