Sawyer Heights Village retail center, located just north of downtown Houston near The Heights neighborhood, has been sold for $35 million to a joint venture of Inland Western Real Estate Trust Inc. and RioCan Real Estate Investment Trust. The 107,000-sf center, developed by Property Commerce, is anchored by Staples and PetSmart.
HFF has arranged financing for 712 Main Street, a 794,186-square-foot office building in downtown Houston. HFF worked exclusively on behalf of an entity owned by Brookfield Real Estate Opportunity Fund (BREOF) to secure the non-recourse loan through Capital One Bank. Originally built in 1929, 712 Main Street is a historic 35-story gothic/art deco-style building that is the Texas headquarters of JP Morgan Chase’s (NYSE: JPM; S&P: A+) southwest banking operations. 712 Main is comprised of three towers situated on a full city block (1.2 acres).