HOUSTON – (Realty News Report) – Hartman Income REIT has acquired the Ashford on the Bayou, a 127,000-SF office building in West Houston.
HFF’s Dan Miller represented the seller, RPD Catalyst, a Los Angeles-based real estate investor.
The 5-story building, 1001 S Dairy Ashford, is located along Buffalo Bayou, just south of Memorial Drive. Recently renovated, the building is 55 percent leased.
HFF’s Susan Hill and Steve Heldenfels worked on behalf of the new owner to secure a five-year, fixed-rate acquisition loan with RGA Reinsurance Company.
The building is situated on a heavily-wooded 2.5-acre site.
