HOUSTON – Miami-based Parmenter Realty Partners purchased 2200 West Loop South, a 201,720-square-foot, Class A office building near Houston’s Galleria.
The 2200 West Loop South building is located adjacent to the Intercontinental Hotel on the west side of Loop 610 between San Felipe and Westheimer Road. The property was extensively renovated in 2000 and is 87 percent leased to tenants including Morgan Stanley and Tenaris.
HFF’s investment sales team, led by led by senior managing director Dan Miller and director Marty Hogan, marketed the property on behalf of the seller, KBS Real Estate Investment Trust.
KBS Realty Advisors, an SEC-registered investment advisor, and its affiliate, KBS Capital Advisors, KBS REITS’s external advisor, are one of the nation’s largest buyers of commercial real estate and structured debt investments on behalf of institutional investors and the public REITS they advise, having consummated more than $16.5 billion in transactional volume.
Parmenter Realty Partners is an institutional, privately-held real estate investment, management and development company. Headquartered in Miami, Florida, Parmenter Realty Partners is actively involved in acquiring, repositioning, and managing real estate assets in major markets throughout the Southeast and Southwest United States on behalf of the firm’s principals and investors. Parmenter Realty Partners has real estate professionals located in Miami, Atlanta and Dallas.