Post Featured Image

HFF announces sale and financing of Loop Central office complex in Houston

HFF announces sale and financing of Loop Central office complex in Houston

HOUSTON, TX – HFF announces the sale and acquisition financing of Loop Central, a three-building, Class A office complex totaling 574,944 square feet in Houston, Texas.

The HFF team represented the seller, TIER REIT, and procured the buyer, Griffin Partners. Additionally, the HFF team worked on behalf of Griffin to secure the five-year, floating-rate acquisition loan through Global Atlantic Financial Group and source their equity partner, Wheelock Street Capital.

Loop Central is located at 4848 Loop Central Drive at the intersection of two of Houston’s major thoroughfares, Loop 610 and U.S Highway 59. Its location within the Bellaire/Medical Center submarket places it within close proximity to the Galleria, Greenway Plaza and some of Houston’s most affluent residential neighborhoods, including River Oaks, West University, Tanglewood and The Villages. It also has frontage along the Westpark Tollway, providing both visibility and express vehicular access to Houston’s western suburbs. The property comprises Loop Central 1, 2 and 3, which are 86.9 percent leased to 24 tenants, and three parking garages that offer 2,327 parking spaces. Griffin Partners and Wheelock will execute a proactive capital improvement plan to update the assets visibility, as well as add various new amenities which will maximize the tenant experience. A few additions would include a new conference and fitness facility, new food options and capitalizing on the existing park-like setting with new outdoor area seating and amenities for tenants to enjoy.

HFF’s investment advisory and debt and equity placement teams included senior managing directors Jeff Hollinden and Wally Reid and senior director Cameron Cureton.

“This is the latest example of an informed investor recognizing the inherent value represented by Houston office market,” said Hollinden. “Sales activity in the office sector has picked up dramatically over the past twelve months, signaling a return to healthy liquidity in the Houston market.”

“We think Loop Central is a unique and timely investment considering Houston’s office and capital market environment,” said Andrew Montgomery of Griffin Partners. “Houston’s overall resiliency and recent bounce highlighted by the latest job performance numbers is a lead indicator and an early preview for continued momentum in the Houston office market.”

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.

About TIER REIT
TIER REIT, Inc. is a publicly traded (NYSE:TIER), self-managed, Dallas-based real estate investment trust focused on owning quality, well-managed commercial office properties in dynamic markets throughout the U.S. TIER REIT’s vision is to be the premier owner and operator of best-in-class office properties in TIER1 submarkets, which are primarily higher density and amenity-rich locations within select, high-growth metropolitan areas that offer a walkable experience to various amenities. Our mission is to provide unparalleled, TIER ONE Property Services to our tenants and outsized total return through stock price appreciation and dividend growth to our stockholders.

For additional information regarding TIER REIT, please visit tierreit.com or call 972.483.2400.

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 $900 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 12.5 million square feet of office, retail, and light industrial property since its founding, valued at over $1.8 billion. This asset was purchased by Griffin Partners Office Fund III (“Fund III”), its 5th investment since its inception in June 2016. Fund III now owns 1.4 million square feet in five assets totaling over $215 million in asset value.

About Wheelock Street Capital

Wheelock Street Capital (www.wheelockst.com) was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 25 years of broad real estate transaction experience across all major asset classes. Wheelock has since raised over $2 billion in capital commitments and is currently investing its fifth fund comprising $725 million of commitments from leading pension funds, endowments and foundations. Wheelock will invest in a broad range of real estate assets throughout the United States. The fund may invest directly or with high quality joint venture partners through a variety of capital structures and transaction types, including acquisitions, restructurings, and recapitalizations.

About HFF

HFF and its affiliates operate out of 26 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 advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

Additional Mentions:

 
http://realtynewsreport.com/2018/03/30/griffin-partners-buys-loop-central-office-complex/


http://rebusinessonline.com/tier-reit-sells-575000-sf-office-complex-in-west-houston-to-griffin-properties/

65 comments (Add your own)

1. BertieSoth wrote:
Thanks-a-mundo for the post.Thanks Again. http://z4b044ml.tumblr.com/ - Trill

July, 2018 @ 2:36 AM

2. ShawanaPres wrote:
Скачать торрент . 8,14 Мб 0 сидов, 0 личей 1042 раз скачан . добавил rt321 06 Августа 2012. Нравится. 3 понравилось, 2 — нет. Описание сохранений и путь установки сейвов GTA The Ballad of Gay Tony . http://metallom.ru/board/tools.php?event=profile&pname=Temekaswip - скачать редактор гта 4 ? Скачать бесплатно игру Гта Сан андрес GTA 3: San Andreas Тройной Форсаж Токийский Дрифт геймфан.рф. ? Как бесплатно играть в SAMP ( GTA :San Andreas Multiplayer)? 3:26. Канал Хаммета. Игры Онлайн .

July, 2018 @ 11:41 AM

3. wrote:
Excellent blog you've got here.. It's difficult to find excellent writing like yours these days.
I really appreciate people like you! Take care!!

February, 2019 @ 12:05 PM

4. wrote:
It is really a great and useful piece of information. I'm happy that you simply shared
this useful info with us. Please stay us informed
like this. Thanks for sharing.

March, 2019 @ 7:44 PM

5. wrote:
Hello, i read your blog occasionally and i own a similar one and i was
just curious if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can advise?
I get so much lately it's driving me insane so any help is
very much appreciated.
viagra (viagraxxx.org)

March, 2019 @ 9:33 PM

6. wrote:
Howdy just wanted to give you a quick heads up. The words in your content seem to be running
off the screen in Safari. I'm not sure if this is a format issue or something to do
with internet browser compatibility but I figured I'd post to let you know.

The design look great though! Hope you get the problem resolved soon. Many
thanks

March, 2019 @ 2:12 AM

7. wrote:
Greetings, I do believe your site may be having browser compatibility problems.
Whenever I look at your blog in Safari, it looks fine but when opening in IE, it's got some overlapping
issues. I merely wanted to provide you with a quick heads up!
Apart from that, fantastic blog!
Buy Cheap Viagra Online Buy Cheap Viagra Online

March, 2019 @ 11:49 PM

8. wrote:
I feel this is among the such a lot vital information for me.
And i'm glad reading your article. But want to observation on few basic issues, The
web site taste is perfect, the articles is truly great : D.
Good job, cheers
buy viagra - bit.ly - buy viagra

March, 2019 @ 10:02 AM

9. wrote:
I all the time emailed this blog post page to all my associates,
as if like to read it next my links will too.

March, 2019 @ 7:38 PM

10. wrote:
naturalne powiększenie penisa

April, 2019 @ 1:42 AM

11. wrote:
Hello Dear, are you actually visiting this web site on a regular basis, if so
after that you will absolutely get nice experience.

April, 2019 @ 4:36 AM

12. wrote:
What's up it's me, I am also visiting this site daily, this site is actually
good and the users are actually sharing good thoughts.

April, 2019 @ 12:05 PM

13. wrote:
What a data of un-ambiguity and preserveness of
valuable knowledge on the topic of unpredicted feelings.

April, 2019 @ 1:03 AM

14. wrote:
Hello! Do you use Twitter? I'd like to follow you
if that would be ok. I'm undoubtedly enjoying your blog and look forward to new updates.

May, 2019 @ 4:54 AM

15. wrote:
Yeni Kitab Ucuz Kitap Nerede Bulunur

May, 2019 @ 12:18 PM

16. wrote:
Ucuz Kitap Almanya Kapıda Ödeme Ile Ucuz Kitap Al

May, 2019 @ 7:00 AM

17. wrote:
Kitap Satan Yerler Eğitim Kitapları Satın Al

May, 2019 @ 2:20 AM

18. wrote:
Yeni Çıkan Ve En Çok Satan Kitaplar Kitap Al Sat

May, 2019 @ 6:57 AM

19. wrote:
Kitap Evleri Kitap Yorumları Sitesi

May, 2019 @ 1:01 PM

20. wrote:
En Çok Satan Kıtaplar Kitap Yayınları Sitesi Güvenilir
Mi

June, 2019 @ 9:40 AM

21. wrote:
Ahaa, its pleasant conversation about this post here at this web site, I have read all that, so
at this time me also commenting here.

June, 2019 @ 8:47 PM

22. wrote:
2016 En Beğenilen Kitaplar En Indirimli Kitap Siteleri

June, 2019 @ 6:10 AM

23. wrote:
Kitap Sepetim Hit Roman

June, 2019 @ 11:52 AM

24. wrote:
Online Kitap Satış Kapıda Ödeme Kitap Satan Sitelerin Isimleri

June, 2019 @ 1:19 PM

25. wrote:
30 Tl Üzeri Kargo Bedava Kitap Kitap Satın Alınabilecek Siteler

June, 2019 @ 4:44 PM

26. wrote:
Yeni Kitab Türkçe En Çok Satan Kitaplar

June, 2019 @ 4:35 AM

27. wrote:
Nice post. I was checking constantly this blog and
I'm inspired! Extremely helpful info particularly the ultimate section :) I care for such information much.
I was seeking this particular information for a
long time. Thanks and good luck.

June, 2019 @ 8:20 AM

28. wrote:
Kitap Internet Siteleri Top 10 Kitap Listesi 2016

June, 2019 @ 2:12 PM

29. wrote:
These are genuinely impressive ideas in concerning blogging.
You have touched some good things here. Any way keep up wrinting.

June, 2019 @ 9:08 AM

30. wrote:
Good day! Do you use Twitter? I'd like to follow you if that would be ok.
I'm absolutely enjoying your blog and look forward to new updates.

June, 2019 @ 2:01 AM

31. wrote:
hi!,I like your writing very so much! share we keep up a correspondence extra about your post on AOL?
I require an expert in this area to unravel my problem.
May be that is you! Looking ahead to look you.

June, 2019 @ 11:40 PM

32. wrote:
Hi there would you mind sharing which blog platform you're working
with? I'm going to start my own blog soon but
I'm having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
The reason I ask is because your design and style seems different then most blogs and I'm
looking for something completely unique. P.S
Sorry for getting off-topic but I had to ask!

June, 2019 @ 1:09 PM

33. wrote:
It's impressive that you are getting ideas from
this article as well as from our discussion made here.

June, 2019 @ 7:32 PM

34. wrote:
I'm really enjoying the design and layout of your site.
It's a very easy on the eyes which makes it much more pleasant
for me to come here and visit more often. Did you hire out a developer to create
your theme? Exceptional work!

July, 2019 @ 6:36 AM

35. wrote:
Woah! I'm really enjoying the template/theme of this site.

It's simple, yet effective. A lot of times it's challenging to get that "perfect balance" between superb usability and visual appeal.
I must say that you've done a amazing job with this. Also, the blog loads super fast for me on Chrome.
Superb Blog!

July, 2019 @ 11:49 PM

36. wrote:
Valuable information. Lucky me I found your website accidentally, and I'm surprised why this accident did not came about earlier!
I bookmarked it. natalielise pof

July, 2019 @ 7:19 PM

37. wrote:
What's up to every , for the reason that I am really keen of reading this
website's post to be updated regularly. It carries good data.
plenty of fish natalielise

August, 2019 @ 1:32 AM

38. wrote:
This is a topic that's close to my heart... Best wishes! Exactly where are your contact details though?

August, 2019 @ 12:30 AM

39. wrote:
Hey superb website! Does running a blog similar to this require
a large amount of work? I have absolutely no knowledge of computer
programming however I was hoping to start my own blog soon. Anyway, if
you have any suggestions or tips for new blog owners please share.

I understand this is off topic nevertheless I simply wanted to ask.
Thanks a lot!

August, 2019 @ 11:45 AM

40. wrote:
We're a group of volunteers and opening a new scheme
in our community. Your web site offered us with valuable information to work on. You
have done a formidable job and our whole community will be thankful to you.

August, 2019 @ 3:50 AM

41. wrote:
WOW just what I was searching for. Came here by searching for commercial real estate news

September, 2019 @ 7:07 AM

42. wrote:
Do you have a spam problem on this site; I also am a blogger,
and I was curious about your situation; we have created some nice methods and we
are looking to swap methods with other folks, please shoot me an e-mail if interested.

September, 2019 @ 10:31 AM

43. wrote:
Aw, this was an extremely nice post. Finding the time and actual effort to make a great
article… but what can I say… I put things off a whole lot and don't manage to get nearly anything done.

October, 2019 @ 10:56 AM

44. wrote:
Your style is really unique in comparison to other people I have read stuff from.
Thank you for posting when you've got the opportunity, Guess I will just
bookmark this web site.

October, 2019 @ 11:47 AM

45. wrote:
No matter if some one searches for his vital thing, thus he/she wants to
be available that in detail, so that thing is maintained over here.

October, 2019 @ 1:59 AM

46. wrote:
I'm gone to inform my little brother, that he should also pay a visit this website on regular basis to get updated
from most recent gossip.

October, 2019 @ 2:30 AM

47. wrote:
I will immediately snatch your rss feed as I can not to find your e-mail subscription link or newsletter service.
Do you've any? Please permit me realize so that I could subscribe.
Thanks.

October, 2019 @ 7:48 PM

48. wrote:
Howdy, I do think your website could be having internet browser compatibility problems.
Whenever I look at your site in Safari, it looks
fine but when opening in I.E., it has some
overlapping issues. I merely wanted to provide you with a quick heads up!
Aside from that, fantastic site!

October, 2019 @ 6:28 AM

49. Casino free spins wrote:
Onlinecasinogamesssa.com offers Casino free spins, make sure that you manage to register and receive an incredible bonus now.

October, 2019 @ 6:30 AM

50. wrote:
Woah! I'm really loving the template/theme of this website.
It's simple, yet effective. A lot of times it's hard to get that "perfect balance" between user friendliness and visual appeal.
I must say that you've done a very good job with this. In addition,
the blog loads extremely fast for me on Internet explorer.
Excellent Blog!

November, 2019 @ 11:45 PM

51. wrote:
En Popüler Kitaplar Listesi Romanlar

November, 2019 @ 6:55 AM

52. Gratis pengar casino wrote:
För många kasinon är detta en typ av fritidsaktiviteter. Och över hela världen människor spelar gratis pengar casino inte för att bli rika, utan för att få en bild av adrenalin.

November, 2019 @ 6:44 AM

53. wrote:
It's actually very complex in this busy life to listen news on TV, so I only use world
wide web for that purpose, and obtain the newest news.

November, 2019 @ 5:56 PM

54. wrote:
Hey would you mind letting me know which web host you're utilizing?
I've loaded your blog in 3 completely different web browsers and I must say this
blog loads a lot faster then most. Can you recommend a good
internet hosting provider at a reasonable price? Thank you, I appreciate
it!

November, 2019 @ 11:46 AM

55. wrote:
Way cool! Some extremely valid points! I appreciate you writing this article and
also the rest of the website is also really good.

November, 2019 @ 8:37 PM

56. wrote:
Hi, this weekend is good in favor of me, as this occasion i
am reading this enormous educational piece of writing here at my house.

November, 2019 @ 6:50 PM

57. wrote:
You made some decent points there. I looked on the
net for additional information about the issue and found most people will go
along with your views on this site.

November, 2019 @ 2:43 PM

58. wrote:
HFF announces sale and financing of Loop Central office complex
in Houston http://generasiqq.club

December, 2019 @ 10:00 AM

59. wrote:
Hello there, You've done an excellent job. I'll certainly digg it and
personally suggest to my friends. I am confident they'll be
benefited from this site.

December, 2019 @ 5:27 PM

60. wrote:
Awesome post.

December, 2019 @ 6:40 AM

61. wrote:
Thanks very nice blog!

December, 2019 @ 7:01 AM

62. wrote:
Nice blog here! Also your site loads up very fast! What host are you using?
Can I get your affiliate link to your host? I wish my web site loaded up as quickly as yours
lol

December, 2019 @ 7:02 PM

63. wrote:
Thanks for sharing your thoughts about commercial real estate news.
Regards

December, 2019 @ 5:04 AM

64. wrote:
I really like what you guys are up too. This type of clever work and coverage!

Keep up the excellent works guys I've incorporated you guys to our blogroll.

December, 2019 @ 7:24 AM

65. wrote:
Hey there! Do you know if they make any plugins to assist with Search Engine Optimization? I'm trying to
get my blog to rank for some targeted keywords but I'm not
seeing very good results. If you know of any please share.
Appreciate it!

December, 2019 @ 7:34 AM

Add a New Comment


code
 

Comment Guidelines: No HTML is allowed. Off-topic or inappropriate comments will be edited or deleted. Thanks.

©2016 Griffin Partners - All rights reserved
Site design by Hollinden | marketers + strategists