HOUSTON – The 777 Post Oak Boulevard building, a 176,799-sf office building in Houston’s Galleria/West Loop submarket, has been sold to Credit Suisse fund, the first Houston play for the group.
HFF marketed the property on behalf of the seller, an institutional owner. An international investing real estate fund managed by Credit Suisse AG in Switzerland purchased 777 Post Oak Boulevard for an undisclosed amount. Credit Suisse was advised by Lacy Ltd., an international real estate investment and advisory firm based in Washington D.C. HFF also arranged acquisition financing for the buyer.
777 Post Oak Boulevard is located on 2.28 acres adjacent to Uptown Park and the 610 West Loop in Houston’s Galleria area. The nine-story property was renovated in 1998 and is 100 percent leased.
The HFF investment sales team representing the seller was led by senior managing directors Robert Williamson and Rusty Tamlyn.
“This is the first purchase for an international investing real estate fund managed by Credit Suisse in the Houston market and represents the growing international buyer pool in the city of Houston. The real estate fund managed by Credit Suisse is a Swiss-based, institutional investor that owns office assets in Boston, Chicago and Washington D.C.” said Tamlyn.