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Category Archives: Trades

Chevron negotiating to purchase 1400 Smith

Chevron Corp. is negotiating to purchase the 1400 Smith tower in downtown Houston for a reported $380 million. The 50-story, 1.3 million-sf building will be listed for sale with HFF if Chevron does not purchase the tower, according to Real Estate Alert. The building, known as Four Allen Center, is currently owned by Brookfield Office Properties. Chevron leases Four Allen ... Read More »

Texas Trades

Houston-based McGuyer Homebuilders Inc. (MHI) is acquiring Wilshire Homes, gaining Wilshire’s lots and positions in Austin and San Antonio, according to Big Builder Online. Wilshire ranks as 17th most active builder in Austin and ranks 18th in San Antonio. Read More »

16-property industrial portfolio trades

HFF has closed the sale of 11 industrial properties totaling 1.2 million square feet in Houston on behalf of Granite Properties. HFF represented the seller and procured the buyer, Cabot Properties. The properties are part of a larger 16-property industrial portfolio HFF marketed on behalf of Granite Properties in Houston and Dallas. The HFF investment sales team representing the seller, ... Read More »

4.2 acres purchased in Sugar Land

Sugar Land Physician Partners purchased 4.2 acres at the northwest corner of First Colony Boulevard and Highway 59 in Sugar Land, Texas. The seller, Sugar Land Properties, was represented by Planned Community Developers. Kolbe Curtice of Colliers International represented the buyer. Read More »

D.C. office building is sold

Wells Real Estate Investment Trust II (Wells REIT II) has agreed to buy Market Square, a 679,710 square foot, class A office property located on Pennsylvania Avenue between the U.S. Capitol and the White House in downtown Washington D.C. The transaction is anticipated to close in early March. The seller is Beacon Capital Partners. Read More »

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