{"id":1004177401,"date":"2017-05-18T05:14:44","date_gmt":"2017-05-18T13:14:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177401"},"modified":"2022-12-07T20:00:51","modified_gmt":"2022-12-08T04:00:51","slug":"griffin-partners-new-office-fund-buys-houston-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/","title":{"rendered":"Griffin Partners\u2019 New Office Fund Buys Houston Asset"},"content":{"rendered":"

By Veronica Grecu<\/em><\/p>\n

A boutique office building located at 520 Post Oak Blvd. in Houston\u2019s Galleria submarket has changed ownership.<\/p>\n

\"520<\/a>

520 Post Oak in Houston<\/p><\/div>\n

Griffin Partners Office Fund III purchased the eight-story property for an undisclosed amount. HFF\u2019s investment team led by Danny Miller, senior managing director, and John Indelli, associate, negotiated the sale on behalf of the sellers, Germany-based balandis real estate AG and Griffin Partners. balandis AG was also advised by EII Realty Corp. in the transaction.<\/p>\n

The Griffin Partners\/balandis venture purchased the asset from L&B Realty Advisors for approximately $21.9 million in December 2006.<\/p>\n

The building is 90.1 percent leased to a diverse roster of tenants including UNICEF, Wade Properties, SWBC Mortgage, First American Title, Browne McGregor Architects and Post Oak Capital Group. Eight spaces totaling nearly 22,800 square feet are currently vacant, according to Yardi Matrix data. The average rent at 520 Post Oak is $27.5 per square foot annually.<\/p>\n

Completed in 1977, the 155,146-square-foot office property offers freeway connectivity to Loop 610, Interstate 10 and Interstate 69, and easy access to Houston\u2019s top residential neighborhoods and shopping destinations. The building also features an attached four-level parking garage totaling 581 parking spaces.<\/p>\n

Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition of the boutique office building at 520 Post Oak Blvd. marks the fund\u2019s third investment since its inception in mid-2016. <\/p>\n","protected":false},"author":258,"featured_media":1004177412,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1589,21783,21742,21747],"tags":[35639,32792],"class_list":["post-1004177401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-houston","category-investment","category-latest","category-office","tag-griffin-partners","tag-hff"],"acf":[],"yoast_head":"\nGriffin Partners\u2019 New Office Fund Buys Houston Asset - 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\/griffin-partners-new-office-fund-buys-houston-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Griffin Partners\u2019 New Office Fund Buys Houston Asset\" \/>\n<meta property=\"og:description\" content=\"The acquisition of the boutique office building at 520 Post Oak Blvd. marks the fund\u2019s third investment since its inception in mid-2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/\" \/>\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=\"2017-05-18T13:14:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:00:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/\",\"name\":\"Griffin Partners\u2019 New Office Fund Buys Houston Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg\",\"datePublished\":\"2017-05-18T13:14:44+00:00\",\"dateModified\":\"2022-12-08T04:00:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg\",\"width\":750,\"height\":600,\"caption\":\"520 Post Oak in Houston\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Griffin Partners\u2019 New Office Fund Buys Houston Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\/\/x.com\/@VeraGrecu\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Griffin Partners\u2019 New Office Fund Buys Houston Asset - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/","og_locale":"en_US","og_type":"article","og_title":"Griffin Partners\u2019 New Office Fund Buys Houston Asset","og_description":"The acquisition of the boutique office building at 520 Post Oak Blvd. marks the fund\u2019s third investment since its inception in mid-2016.","og_url":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-05-18T13:14:44+00:00","article_modified_time":"2022-12-08T04:00:51+00:00","og_image":[{"width":750,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg","type":"image\/jpeg"}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/","name":"Griffin Partners\u2019 New Office Fund Buys Houston Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg","datePublished":"2017-05-18T13:14:44+00:00","dateModified":"2022-12-08T04:00:51+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg","width":750,"height":600,"caption":"520 Post Oak in Houston"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/griffin-partners-new-office-fund-buys-houston-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Griffin Partners\u2019 New Office Fund Buys Houston Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/520-Post-Oak-in-Houston.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004177401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004177401"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004177401\/revisions"}],"predecessor-version":[{"id":1004177414,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004177401\/revisions\/1004177414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004177412"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004177401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004177401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004177401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}