Sunday , 15 December 2019
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West Loop Building Purchased by APF

HOUSTON – APF Properties purchased 2200 West Loop South, a 201,720-sf Class A office building in the West Loop/Galleria section of Houston. HFF’s investment sales team marketed the property on behalf of the seller, Parmenter Realty Partners. The building is located in a prime location adjacent to the Royal Sonesta Hotel on the west side of Loop 610 between San Felipe and Westheimer in Houston’s West Loop/Galleria market.  The 10-story property was extensively renovated in 2000 and 2008, and is 100 percent leased to tenants including Morgan Stanley and Tenaris.

The HFF team representing the seller was led by senior managing director Dan Miller and director Marty Hogan.

“Parmenter acquired this property in January 2012 through a transaction brokered by HFF.  They immediately implemented a highly successful leasing strategy to bring the property to full occupancy thereby creating substantial value and decided to monetize the property earlier this year,” said Miller.

Headquartered in Miami, Florida, Parmenter Realty Partners is actively involved in acquiring, repositioning, and managing real estate assets in major markets in the South and Mid-Atlantic regions.

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