HFF announces the sale of three suburban Houston office properties totaling 230,506 square feet on behalf of MetroNational. The properties are located at 2930 West Sam Houston Parkway, 10401 Centrepark Drive and 15150 Memorial Drive.
The HFF team procured three separate buyers for the buildings. 2930 West Sam Houston Parkway was purchased by Amerix Capital. Enterprise Holdings, Inc. was the buyer of 10401 CentrePark Drive and 15150 Memorial Drive was purchased by S&B Engineers and Constructors, Ltd., who was represented by Mission Asset Marketing, Inc.
2930 West Sam Houston Parkway, also known as the Kempwood Building, and 10401 Centrepark Drive are located along Beltway 8 in Houston’s West Belt submarket. This has been one of the fastest growing submarkets within the Houston MSA over the last decade and is convenient to the employment pool in the northern and western sections of the city as well as Interstate 10. Completed in the early 2000’s, the properties are 94.2 and 69.7 percent leased respectively, to an investment grade tenant base, including Enterprise Holdings, Canon Inc., Texas Capital Bancshares, Helmerich & Payne Inc. and Eco-Stim.
15150 Memorial Drive is positioned just west of the intersection of Memorial Drive and Eldridge Parkway in the heart of Houston’s Energy Corridor. The 5.7-acre site has direct access to the Interstate 10 feeder road and is convenient to Highway 6 providing north/south access. Originally built in 1992, the 155,118-square-foot vacant property features 27,000-square-foot floorplates, a structured parking garage and most recently served as the headquarters for PGS Americas
The HFF investment advisory team representing the seller included senior managing director Dan Miller and managing director Trent Agnew.
Holliday GP Corp. is a Texas licensed real estate broker.
About MetroNational
MetroNational is a privately-held real estate investment, development, and management company headquartered in Houston, Texas. Each MetroNational property, spanning office, retail, restaurant, hospitality and healthcare, fully integrates MetroNational’s best-of-class services, providing the highest quality and enduring value. The Company, which was founded in 1954, owns and manages more than 9.7 million square feet of commercial real estate properties primarily located in Greater Houston. MetroNational’s largest development is Memorial City located in West Houston. For more information, visit www.metronational.com.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
