{"id":1004050082,"date":"2012-11-16T07:52:49","date_gmt":"2012-11-16T15:52:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004050082"},"modified":"2022-12-07T22:08:21","modified_gmt":"2022-12-08T06:08:21","slug":"hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\/","title":{"rendered":"HFF Closes Sale of 177 KSF Office Building in Houston to International Buyer"},"content":{"rendered":"<p><em>\u00a0By Keith Loria, Contributing Editor\u00a0<\/em><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004050093\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\/houston-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg\" data-orig-size=\"548,450\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"HOUSTON\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg?w=548\" class=\"alignleft  wp-image-1004050093\" title=\"HOUSTON\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg\" alt=\"\" width=\"243\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg 548w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg?resize=300,246 300w\" sizes=\"auto, (max-width: 243px) 100vw, 243px\" \/><\/a><\/p>\n<p>Holliday Fenoglio Fowler represented\u00a0an institutional owner in the sale of 777 Post Oak Boulevard, a 176,799-square-foot office building in Houston\u2019s Galleria\/West Loop submarket.<\/p>\n<p>The property was sold to an international investing real estate fund managed by Credit Suisse AG in Switzerland for an undisclosed amount.\u00a0 The Swiss-based, institutional investor also owns office assets in Boston, Chicago and Washington, D.C.<\/p>\n<p>\u201cIt\u2019s meaningful for Houston because it\u2019s another international buyer that\u2019s come to market,\u201d Robert Williamson, HFF\u2019s senior managing director, told <em>Commercial Property Executive<\/em>. \u201cWe\u2019ve seen a big influx in the last couple of years of international buyers coming here because they are attracted to the fundamental market and the pricing.\u201d<\/p>\n<p>Located on 2.28 acres adjacent to Uptown Park and the 610 West Loop in Houston\u2019s Galleria area, the nine-story property was renovated between 1998 and 2000, and is currently 100 percent leased.<\/p>\n<p>\u201cIt\u2019s a little jewel box of a building, so it\u2019s a very good sized building with 22 tenants and a very diversified tenant base,\u201d Williamson said. \u201cThe French Consulate is in there, and some really good boutique firms.\u201d<\/p>\n<p>The property sits across from Uptown Park, which is a big lifestyle center with more than 50 restaurants and shops that brings thousands of people to the area each week.<\/p>\n<p>\u201cThe building is located in Galleria, which is the largest suburban submarket in Houston and is the most liquid of any submarkets in town, Williamson said. \u201cThe building has a Post Oak address, which is the most prestigious address in the submarket.\u201d<\/p>\n<p>The HFF team representing the seller was led by Williamson and senior managing director Rusty Tamlyn.<\/p>\n<p>\u201cThis is the first purchase for an international investing real estate fund managed by Credit Suisse in the Houston market,\u201d Tamlyn said. \u201cIt represents the growing international buyer pool in the city of Houston.\u201d<\/p>\n<p>HFF also arranged acquisition financing for the buyer. HFF\u2019s debt placement team representing the real estate fund managed by Credit Suisse was led by associate director Corby Chaffin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Holliday Fenoglio Fowler represented an institutional owner in the sale of 777 Post Oak Blvd., a 176,799-square-foot office building in Houston\u2019s Galleria\/West Loop submarket. <\/p>\n","protected":false},"author":952,"featured_media":1004050093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21783,21742,21747],"tags":[],"class_list":["post-1004050082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HFF Closes Sale of 177 KSF Office Building in Houston to International Buyer - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Closes Sale of 177 KSF Office Building in Houston to International Buyer\" \/>\n<meta property=\"og:description\" content=\"Holliday Fenoglio Fowler represented an institutional owner in the sale of 777 Post Oak Blvd., a 176,799-square-foot office building in Houston\u2019s Galleria\/West Loop submarket.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-16T15:52:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:08:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/11\/HOUSTON.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"548\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/\"},\"author\":{\"name\":\"Anna Spiewak\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"headline\":\"HFF Closes Sale of 177 KSF Office Building in Houston to International Buyer\",\"datePublished\":\"2012-11-16T15:52:49+00:00\",\"dateModified\":\"2022-12-08T06:08:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/\"},\"wordCount\":351,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/11\\\/HOUSTON.jpg\",\"articleSection\":[\"Houston\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-177-ksf-office-building-in-houston-to-international-buyer\\\/\",\"name\":\"HFF Closes Sale of 177 KSF Office Building in Houston to International Buyer - 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