Thursday , 24 August 2017
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Beacon Buys 3 Buildings in Houston’s Energy Corridor

HOUSTON – Beacon Investment Properties purchased a three-building office portfolio totaling 566,308 square feet in Houston’s Energy Corridor.

HFF marketed the property on behalf of sellers Falcon Southwest and CarVal Investors.

The portfolio consists of three “best of class” Class B, multi-tenant office buildings located in Houston’s Energy Corridor at the intersection of Interstate 10 and Dairy Ashford Road across from the world headquarters of ConocoPhillips and Shell Oil North American Exploration & Production Group. Most recently renovated in 2007, the three eight-story office buildings are 93.6 percent leased.

The HFF investment sales team representing the seller was led by senior managing directors Robert Williamson and Danny Miller.

HFF’s debt placement team representing Beacon Investment Properties, LLC was led by senior managing director Susan Hill. Beacon purchased the property free and clear of debt with fixed-rate financing arranged by HFF through JP Morgan Chase Bank, N.A.

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