Sale of two Class A office buildings in Houston's Energy Corridor closed by HFF

HOUSTON, TX - April 8, 2015 - HFF announced today that it has closed the sale of Westgate II and III, two Class A office buildings in Houston's Energy Corridor submarket that are fully leased to Wood Group Mustang, Inc. as its global headquarters.

HFF marketed the property on behalf of the seller, Westgate RE, LLC. Two real estate investment programs sponsored by Griffin Capital Corporation purchased the assets for an undisclosed amount in an all cash transaction.

Completed in 2014, Westgate II and III have 186,288 square feet and 225,518 square feet respectively.  The properties were designed to LEED Gold specifications and feature Class A finishes and amenities, expansive floorplates, individual parking garages and a heavily-landscaped 1.94-acre park between the two buildings. Situated at 17320 Katy Freeway and 17325 Park Row, the assets are within the Park 10 Business Center directly off of Interstate 10 and just west of Highway 6 in the Energy Corridor.

The HFF investment sales team was led by senior managing directors Robert Williamson and Dan Miller.

Griffin Capital Corporation ("Griffin Capital") is a privately-held, Los Angeles-headquartered investment and management company with an 20-year track record sponsoring real estate Investment vehicles and managing institutional capital. Led by senior executives, each with more than two decades of real estate experience who have collectively closed transactions representing over $20 billion in value, Griffin Capital and affiliates have acquired or constructed over 28 million square feet of space since 1995, and currently own, manage, sponsor and/or co-sponsor an institutional-quality portfolio of more than 33 million square feet located in 32 states, representing approximately $6.7 billion in asset value.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. 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. 

CONTACTS:
ROBERT WILLIAMSON
HFF Senior Managing Director
(713) 852-3500
rwilliamson@hfflp.com

H. DAN MILLER, CCIM, SIOR
HFF Senior Managing Director
(713) 852-3500
dmiller@hfflp.com

KRISTEN MURPHY
HFF Associate Director, Marketing
(617) 338-0990
krmurphy@hfflp.com